Real Estate Market Update for Murrieta, CA
Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 5% from one year earlier, and down 12% 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 360-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 64%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 320-thousand dollars. The number of units sold increased 9% year-over-year, and increased 14% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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 Murrieta, CA
Area Information for Murrieta, CA
  • Population: 107,994
  • Median Age: 32.7 yr
  • Median Commute Time: 23.88 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 3,216/sq mi
  • Population Change Since 2000: 109.06%
  • Closest Airport: Mcclellan-palomar
  • Closest College: California Baptist University
  • Closest Jr. College: Professional Golfers Career College
  • Median Household Income: $80,954
  • Annual Residential Turnover: 18.71%
  • Median Years in Residence: 3.18 yr
  • Median Home Sales Price: $241,500
  • Closest Major Sports Team: Anaheim Ducks
  • Change Avg. Household Income Since 2000: 42%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Murrieta, CA
Median Age: 32.7 Married: 35% Number of Households: 34,058 Households with Children: 16,840
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 Murrieta, CA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Murrieta Elementary School 0.2 mi Public PRESCHOOL-5 3-5 5
      Murrieta Mesa High School 0.5 mi Public 9-12 3-5 5
      Sierra Springs Christian 0.7 mi Private 1-12 0 0
      Oak Grove Center / Jack Weaver 0.8 mi Private 1-12 0 3
      Las Brisas Christian Academy 0.8 mi Private PRESCHOOL-5 0 5
      Calvary Murrieta Christian Schools 0.8 mi Private PRESCHOOL-12 0 4
      Shivela Middle School 1.2 mi Public 6-8 3-5 3
      Creekside High School 1.3 mi Public 10-12 2 0
      Tenaja Canyon Academy 1.3 mi Public 3-12 3-5 0
      Murrieta Valley High School 1.3 mi Public 8-12 4 3
      E. Hale Curran Elementary School 1.4 mi Public K-5 2-5 4
      Kindercare Learning Centers Inc 1.5 mi Private PRESCHOOL-K 0 0
      Thompson Middle School 1.5 mi Public 6-8 4 4
      Promise Christian Preschool 1.5 mi Private PRESCHOOL-K 0 0
      Avaxat Elementary School 1.6 mi Public K-5 3-5 4
      Rail Ranch Elementary School 2.4 mi Public K-6 4 4
      Alta Murrieta Elementary School 2.4 mi Public K-5 4-5 4
      Cole Canyon Elementary School 2.5 mi Public K-5 4-5 4
      Tovashal Elementary School 2.5 mi Public PRESCHOOL-5 4 5
      Murrieta Springs Adventist Christian 2.5 mi Private K-10 0 4
      Antelope Hills Elementary School 3.0 mi Public K-5 4 4
      Daniel N. Buchanan Elementary School 3.0 mi Public PRESCHOOL-5 4 4
      Vista Murrieta High School 3.4 mi Public 9-12 4 4
      Warm Springs Middle School 3.4 mi Public 4-9 3 4
      Monte Vista Elementary School 3.7 mi Public K-5 3-5 4
      Morningstar Christian Academy 4.7 mi Private K-12 0 0
      Oak Meadows Elementary School 5.5 mi Public K-5 4 3
      Alamos Elementary School 5.6 mi Public K-5 4-5 4
      Lisa J. Mails Elementary School 5.8 mi Public K-5 4 5
      Dorothy Mcelhinney Middle School 5.8 mi Public 6-8 3-5 4
      Bella Vista Middle School 5.8 mi Public 6-8 3-5 4
      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: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Murrieta, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.