Market Intelligence · CA / Menifee

Menifee, CA 92586 Housing Market

The typical home in Menifee, CA 92586 is worth $417,484, down 1.8% over the past year. The median list price sits at $432,500, with homes typically spending 50 days on the market before sale.

Updated August 2026Median value$417K

The median home value in Menifee, CA 92586 is $417K as of August 2026, down 1.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 92586 range

$384K to $451K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.8% over 12 months

Typical home value in 92586 over the last 12 months: $425K in Jul 2025 to $417K in Jul 2026 (-1.8%).

Jul 2025$425K

Jul 2026$417K

The numbers

What is the 92586 housing market like?

Typical home value

$417K

Down1.8%YoY

Median list price

$448K

Up3.5%MoM

Days on market

55

Up10.0%MoM

Homes for sale

92

Down14.8%MoM

Price cuts

16.5%

Up59.9%MoM

New listings

52

Flat0.0%MoM

Sources · Zillow ZHVI (July 2026) / Realtor.com (August 2026) / FRED (August 2026)

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The comparison

How do 92586 home prices compare?

  • 92586$417,484
  • Menifee$617,057
  • California$702,086
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Menifee: 4 ZIPs; California: 1,543 ZIPs; United States: 26,266 ZIPs).

Context

Menifee has 108 homes for sale as of mid-2026, with 52 new listings entering the market recently. The median of 50 days on market reflects a moderate pace of sales activity. About 10.3% of listings have seen price cuts, a sign that some sellers are adjusting expectations. The slight year-over-year decline in home values suggests a cooling market where buyers have more negotiating room than they did twelve months ago.

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20% · $83,497

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