Real Estate Market Update for Murrieta, CA
Welcome to December's Market Update. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 18% from one year earlier, and down 20% 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 under 440-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 33%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 380-thousand dollars. The number of units sold increased 19% year-over-year, and decreased 5% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.
Show Transcript
Map Information for Murrieta, CA
Area Information for Murrieta, CA
  • Population: 108,789
  • Median Age: 34.81 yr
  • Median Commute Time: 34 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 3,240/sq mi
  • Population Change Since 2000: 113.98%
  • Closest Airport: Mcclellan-palomar
  • Closest College: University Of California-riverside
  • Closest Jr. College: Professional Golfers Career College
  • Median Household Income: $73,198
  • Annual Residential Turnover: 20%
  • Median Home Sales Price: $340,000
  • Closest Major Sports Team: Lake Elsinore Storm (a)
  • Change Avg. Household Income Since 2000: 31.02%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Murrieta, CA
Median Age: 34.81 Married: 43% Number of Households: 34,599 Households with Children: 14,202
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 School Rating Parent Rating
      Murrieta Elementary School 0.2 mi Public PRESCHOOL-5 3 0
      Murrieta Mesa High School 0.7 mi Public 9-12 4 4
      Sierra Springs Christian 0.7 mi Private 1-12 0 0
      Oak Grove Center / Jack Weaver 0.8 mi Private K-12 0 0
      Calvary Murrieta Christian Schools 0.8 mi Private PRESCHOOL-12 0 0
      Shivela Middle School 1.2 mi Public 6-8 4 0
      Murrieta Valley Adult Education 1.4 mi Public - 0 0
      Tenaja Canyon Academy 1.4 mi Public 1-12 3 0
      Creekside High School 1.4 mi Public 10-12 2 2
      E. Hale Curran Elementary School 1.4 mi Public K-5 3 0
      Murrieta Valley High School 1.5 mi Public 9-12 4 4
      Thompson Middle School 1.5 mi Public 6-8 4 0
      Avaxat Elementary School 1.6 mi Public K-5 3 0
      Rail Ranch Elementary School 2.4 mi Public K-5 3 0
      Alta Murrieta Elementary School 2.4 mi Public K-5 4 0
      Cole Canyon Elementary School 2.5 mi Public K-5 4 0
      Tovashal Elementary School 2.5 mi Public PRESCHOOL-5 3 0
      Murrieta Springs Adventist Christian 2.5 mi Private PRESCHOOL-8 0 0
      Daniel N. Buchanan Elementary School 2.9 mi Public PRESCHOOL-5 4 0
      Antelope Hills Elementary School 3.0 mi Public K-5 4 0
      Vista Murrieta High School 3.4 mi Public 9-12 4 4
      Warm Springs Middle School 3.5 mi Public 6-8 3 0
      Monte Vista Elementary School 3.7 mi Public K-5 3 0
      Morningstar Christian Academy 4.7 mi Private K-12 0 0
      Oak Meadows Elementary School 5.5 mi Public K-5 4 0
      Alamos Elementary School 5.6 mi Public K-5 4 0
      Dorothy Mcelhinney Middle School 5.8 mi Public 6-8 4 0
      Lisa J. Mails Elementary School 5.8 mi Public K-5 4 0
      Bella Vista Middle School 5.9 mi Public 6-8 4 4
      Summer Glenn Academy 5.9 mi Private K-12 0 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 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.