Murrieta Residential Real Estate Market Trends: A Year-Over-Year Snapshot

The Murrieta residential real estate market has been a whirlwind of activity over the past year, offering both opportunities and challenges for buyers and sellers. Let’s take a closer look at how the market has evolved, what’s fueling these changes, and what it all means for you.

Market Snapshot: Fall 2025

As of this fall, the median home price in Murrieta has seen a modest increase compared to the same time last year. Inventory remains relatively tight, with fewer homes on the market than in pre-pandemic years, but there’s been a slight uptick in new listings as homeowners respond to rising property values.

• Median Sale Price: Up about 3% year-over-year
• Inventory: Slightly higher than last year, but still below historical averages
• Days on Market: Homes are selling faster, averaging around 20 days

Comparing This Year to Last

Last fall, buyers faced fierce competition, with bidding wars driving prices up and properties flying off the market. This year, while demand remains strong, higher mortgage rates have cooled the frenzy a bit. Some buyers are taking a wait-and-see approach, creating a more balanced environment for negotiations.

Sellers are still benefiting from healthy appreciation, but pricing a home correctly is more important than ever. Overpriced homes are lingering longer, while those listed at market value are attracting serious interest.

What’s Driving the Trends?

Several factors are shaping Murrieta’s market:

• Interest Rates: Higher rates have made some buyers more cautious, impacting affordability and demand.
• Local Demand: Murrieta remains popular for its family-friendly neighborhoods, good schools, and proximity to both San Diego and Orange County.
• Low Inventory: Many homeowners are staying put, which keeps supply limited and supports prices.

Tips for Buyers and Sellers

• Buyers: Be prepared and pre-approved. With homes selling quickly, having your financing in order gives you an edge.
• Sellers: Price your home competitively and consider staging to make it stand out. Even in a strong market, presentation matters.

Whether you’re looking to buy or sell in Murrieta, staying informed and working with a local expert can help you navigate the shifting landscape. The market may be evolving, but opportunities abound for those who are ready.