Hey guys. Hey, so here is your April, 2025 real estate market update. We're gonna go over all the latest stats for the cities of Temecula, Murrieta, and Menifee, California. Let's go ahead and get into it.
Hey guys. Hey again. My name is Justin Short. I'm a realtor and team leader with the short real estate team here at Keller Williams. In Temecula, and this is our monthly staple video. This is our monthly market update for the month of April, 2025. So we're gonna go over all the latest stats for the cities of Temecula, Murrieta, Menifee, California, and then we're gonna compare those stats to a year ago.
So kind of show you how the trends have been year over year, kind of, and I'll give you my impression just as a real estate agent, you know, at what our real estate team is. Feeling on a daily basis. And you know what I'm hearing from, you know, other, you know, friends and colleagues that I have in the business as well.
So we're gonna talk about sales price, you know, new listings, how many homes are out there to sell, and then how long homes are taking to sell. But before we get into all the information, you know, if you are liking real estate videos like this. Please do me a favor, please hit like, please hit subscribe.
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Love to help you out with your, with, with your home search. So. Cool. Alright, let's get into all the latest stats. So again, April, 2025. We're gonna start with the City of Temecula and we're gonna start with last year. So, uh, last year in April, 2024 in the city of Temecula, there was a total of 186 new listings that were put up on the market.
And then if you compare that to this year, over the last 30 days, there's been 188. So really it's like exactly the same. There's two more homes listed this year, as opposed to last year. It's a 1% change, really, not very significant. Uh, city Marietta, kind of same, same deal. So a year ago there was 165 new listings coming up on the market.
This year we're, we're at 167 new listings. So. Two more available homes, or two more new homes to this year. So again, it's very insignificant. And then in Efee, we actually saw just a little bit of a drop off. So, uh, last year. The, the, at this time the city of Menifee, there was 205 new listings going up on the market, and this year we're at 193 new listings going on the market.
So, you know, that's, you know, it's 12 less homes this year compared to last year. It's a 6% change, but just, it doesn't really move the needle very, very much there. All right, so the next stat we're gonna talk about is the total number of active listings. So this is basically, you know, how many available homes there are to choose from in a given city.
And this, you're, you're definitely seeing more of a difference. So we'll start, start again in City of Temecula. So a year ago there was a total of 278 of available homes to choose from. This year we're now up to 347 available homes to choose from. So that, that's, that's pretty significant, right? That's almost 75 more homes.
Uh, that is. You know, it's 20, it's a 25% change year over year. That's a pretty, that's a pretty big jump. And what's kind of interesting, this, I think this is the third or fourth month that we've seen this in a row, but with the new listings, the new inventory coming on the market is more or less staying the same, but the available listings is, is growing.
So 25%. And we are still a little short on inventory, right? So like those are homes that will sell and will be absorbed into the market. But what that shows is, 'cause it's not the new listings, it's basically the old listings that have been on the market for 30 days, 60 days, 90 days haven't sold that are starting to accumulate.
So, uh, this is definitely a trend to, to keep an eye on. I think this is the third or fourth month in a row that we've seen this, the same thing happen. So City Murrieta, same deal. So a year ago there was a total of 301 available homes to choose from. This year, there's now 355 available homes to choose from, so that's an 18% increase.
A year ago, 314 available homes this year were now up to 434, so that's the biggest jump. 38% increase. You know, that's 120 more homes to choose from this year as opposed to last year. And that's, that's pretty significant. Alright, so the next stat we're gonna talk about is the average days on market.
So basically, how long is the average home taking to sell in a given city? So what you would, what I would think is that, as you know, we are accumulating inventory with the last stat, right? As there's more homes that are, that are sitting out there that the average days on market would really start to lengthen pretty significantly, and you start seeing homes sit longer and longer, but that it's really not the case.
So. Homes that are selling are more or less selling in about the same timelines that, that they were a year ago, um, which would still be considered a seller's market, right? Uh, but there's more homes that are just sitting. So it's one of those things where if you put your home up on the market and your home is overpriced and you try and push the value, you're not gonna get it.
You're just gonna sit. Um, if you are maybe have a, not a home that's not upgraded or is in poor shape or isn't. You know, appealing to people that it's just gonna sit there and it's not gonna get gobbled up by the market. So we'll get, we'll get into the stat. So City of Temecula, a year ago, the average home was selling in 27 days.
This year, the average home is now selling in 30 days. So it's a three day difference. It's, it's 11% change, but it's pretty insignificant. You know, I mean, half a week, you know, as you're taking your home's, taking half a week longer to sell, not really moving the needle very much. Uh, city of Marietta, a year ago, the average home was selling in 35 days.
We are now on average selling in 40 days. So it's a 14% increase, but still five days. Um, you know, it's a little bit longer, not much of a needle mover. And City of Menifee a year ago, homes were selling in 39 days and now they are selling in 50. So that, that's, that's more significant. That's 28% increase.
It's 11 extra days. We're getting pretty close to 60 days there. So once you get closer, you know, your average days on market gets over 60, closer to 90 days, you start seeing things trend to really more of a true buyer's market. Um, that's not what we're seeing at least in this area right now. Um, but that's, you know, those are stats to keep an eye on, but I, I've been saying the same thing for three or four months and the stats haven't, haven't really moved.
So they've kind of been balancing right here over the last few months. Homes are taking slightly longer to sell this year as opposed to last year, but, but not very significant. Alright, so the last stat we're gonna talk about is the average sales price in each city. Uh, and this one's kind of interesting.
It's kind of a, a mixed bag. The stats are a little bit all over the place, so I I, I don't know if we have like a clear answer here. But something I wanna keep an eye on over the next, you know, couple months. So, uh, city of Temecula, a year ago, the average home was selling for $901,000. This year, the average home is now selling for $815,000.
So that's a 10% decrease. That's a, that's a pretty big change year over year. Uh, I know I've mentioned this in a lot of my videos before, but a couple outliers here and there can really throw these numbers off, so, you know, there might be a few. Low price sales that are pulling the, the numbers down. This year and a year ago, there might've been some, a few high price sales, you know, a few, two, three, $4 million sales that are really pulling that average sales price up too.
So, um, I, I don't think it's fair to say that the home prices have decreased 10% Temecula over the last year. Um, but it's, it's kind of interesting to see, you know, such a big change. I mean, it's a, we're not, it's a 85,000 change in average sales price, right? So it's pretty significant. Um, and something to, to, to pay attention to, but.
City Murrieta, we actually, we saw the exact opposite. So a year ago, the average home in Murrieta was selling for $716,000. This year we're now up to $792,000. So, you know, same deal. Again, there's not. Home prices have not gone up, you know, 11% in Murrieta year over year. So I think there's a couple outliers that are changing things around, but you can see those two stats.
So, Temecula at eight 15, Murrieta at 7 92. That's a pretty small gap between, uh, the, the, the sales price difference between the two cities. Usually it's about a hundred thousand dollars swing. So, um, I, I think there's some. A few high end sales in Murrieta, and I think a few low end sales in Temecula that are really thrown off some of those numbers.
But, um, city of Menifee, we did see the average sales price drop as well. So a year ago the average home was selling for 565,000. This year it's now at 532,000, so that's a 6% decrease. So, you know, like, like I mentioned, I don't, I think these stats are a little inconclusive. Something we'll, we'll pay attention to.
Over the next couple months, and I'll kinda let you know my, my opinion on 'em as, uh, we get a little more, a little more data there. But overall the market feels, it, it feels pretty much flatlined, you know, from what we're experiencing as, you know, as agents, um, home prices about the same year over year.
They might have gone up slightly over the last 12 months, but more or less it's very similar market, very similar price points, um, that, that we were seeing a year ago. So, and, and it's kind of interesting too, like going, going over these stats, but what we see as a, as a real estate agent, it definitely.
Feels like the market's very much in pockets. So like I've had, um, listings of mine that a few of them, now that we've seen multiple offers that are selling over list price, some that have gone way over list price was very, very competitive. Granted it was a very nice house, but um, it was super competitive, right?
Not like we've seen anything over the last year and a half or so. So that's, that's kind of interesting. Um, and then I've had buyers, even like we're writing offers on homes that. Um, you just go up on the market and we're competing against multiple offers. So, you know, they, they're not necessarily way selling, way over asking price, but selling a little, you know, 5, 10, 15, $20,000 over what a list price would be.
Um, which is surprising when, you know, comparing to, to these stats. But at the same time, I'm seeing. I, I'm working with clients and, and helping people find homes that have been sitting for a little bit, maybe that they've been on the market 30 days, and then we can go and negotiate 'em down 15, 20, 25, $30,000, um, where she can be a little more aggressive.
So it, it seems to be a little hit or miss. Right. Something that's super dialed in, priced well, it's gonna sell quickly. Something that is maybe not quite as nice, needs a little bit of love, or maybe not the be, you know, the, the most desirable of neighborhoods or doesn't have something fancy like a pool or a view or something is gonna sit a little bit.
So it's an interesting market. Um, but hopefully that's good information for you guys to help, help navigate it. So, uh, feel free to reach out if you have any questions. You can call, you can text, you can email me, uh, my information's down below and at the end of the video and hopefully talk to you soon.
Thanks.
