Home Sales Down in Lake Elsinore Real Estate Market

In this week's report, the number of homes sold in the Lake Elsinore market slid to 100 over the past 30 days, but still above the monthly average. In comparison, nearby Moreno Valley had 194 sales in the same time frame, the most of all neighboring cities. The median sales price climbed to $327,500 over the latest reporting period for Lake Elsinore, up from $324,500. In spite of the decrease in sales, a low three months of inventory signals that Lake Elsinore is a seller's market.

You never know when the perfect home may come in the market so take a look at the new listings in Lake Elsinore:

$329K   $389K   $314K  

Get started right now by checking out Lake Elsinore homes for sale or reviewing Lake Elsinore real estate trends.

Demographic facts about Lake Elsinore:

  • This area has an affordability rating of 51. (Scale: 1 = Worst, 100 = Best)
  • The average precipitation is 11.1 inches per year. (U.S. average: 36.5)
  • The area's income per capita is $17,763.
  • The area's school rating is 61. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/13/2016


Ask a local expert about this area:
Keller Williams Realty
Snapped 12 homes in this area
Realty One Group Southwest
Snapped 48 homes in this area
Keller Williams SD Metro
Snapped 1 home in this area

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