Real Estate Market Update for 92562 (Murrieta, CA)
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 16% from one year earlier, and down 1% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 510-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 8%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 390-thousand dollars. The number of units sold decreased 17% year-over-year, and decreased 21% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 92562 (Murrieta, CA)
Area Information for 92562 (Murrieta, CA)
  • Population: 65,133
  • Median Age: 36.49 yr
  • Median Commute Time: 35 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 595/sq mi
  • Population Change Since 2000: 81.77%
  • Closest Airport: Mcclellan-palomar
  • Closest College: California Baptist University
  • Closest Jr. College: Professional Golfers Career College
  • Median Household Income: $72,854
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $350,100
  • Closest Major Sports Team: Lake Elsinore Storm (a)
  • Change Avg. Household Income Since 2000: 27.63%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 92562 (Murrieta, CA)
Median Age: 36.49 Married: 44% Number of Households: 21,543 Households with Children: 8,426
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 92562 (Murrieta, CA)

      School Name Distance Type Grades School Rating Parent Rating
      Thompson Middle School 2.2 mi Public 6-8 4 0
      Cole Canyon Elementary School 2.2 mi Public K-5 4 0
      Tenaja Canyon Academy 2.2 mi Public 1-12 4 0
      Creekside High School 2.2 mi Public 10-12 2 3
      Murrieta Valley Adult Education 2.2 mi Public - 0 0
      Murrieta Valley High School 2.3 mi Public 9-12 4 4
      Murrieta Springs Adventist Christian 2.7 mi Private PRESCHOOL-8 0 0
      Oak Grove Center / Jack Weaver 3.2 mi Private K-12 0 0
      Murrieta Elementary School 3.3 mi Public PRESCHOOL-5 4 0
      Calvary Murrieta Christian Schools 3.7 mi Private PRESCHOOL-12 0 0
      E. Hale Curran Elementary School 3.8 mi Public K-5 3 0
      Sierra Springs Christian 3.9 mi Private 1-12 0 0
      Murrieta Mesa High School 4.1 mi Public 9-12 4 4
      Shivela Middle School 4.4 mi Public 6-8 3 0
      Murrieta Ranch Preschool 4.5 mi Private PRESCHOOL-K 0 0
      Kindercare Learning Centers Inc 4.6 mi Private PRESCHOOL-K 0 0
      Promise Christian Preschool 4.6 mi Private PRESCHOOL-K 0 0
      Avaxat Elementary School 4.8 mi Public K-5 3 0
      Tovashal Elementary School 5.0 mi Public PRESCHOOL-5 4 0
      Antelope Hills Elementary School 6.0 mi Public K-5 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 92562 (Murrieta, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.