Murrieta Housing Market Update: Prices Up Year-Over-Year as Listings Build
Murrieta, CA – March 7, 2026 – Home prices remain higher than a year ago, while inventory and days on market signal a steadier pace for buyers and sellers.
Top Takeaways
- Median sale price was about $685,000 in January 2026, up 6.2% from a year earlier.
- Homes averaged 75 days on market, compared with 54 days last year.
- Roughly 477 homes were listed at year-end, with a median list price near $692,000.
Murrieta’s housing market continues to show a mix of resilience and moderation. Prices are still higher than a year ago, but the pace of sales has slowed, giving buyers and sellers a more balanced environment than in the frenzied market of recent years.
According to Redfin, the median sale price reached $685,000 in January 2026, marking a 6.2% year-over-year increase. At the same time, homes took an average of 75 days to sell, noticeably longer than the 54-day average recorded a year earlier. A total of 62 homes closed during the month, reflecting a steadier flow of transactions.
Inventory and Pricing Trends
Zillow data shows the typical home value near $678,000 at the end of 2025, representing a 2.1% decline from the prior year. Meanwhile, the median list price stood at about $692,000, suggesting some gap between seller expectations and recent closed prices.
Inventory has also expanded. There were approximately 477 homes for sale at year-end, along with 91 new listings. Median time to pending was 47 days, pointing to consistent — though less urgent — buyer activity.
Sales Pace and Competition
Redfin characterizes the market as somewhat competitive, with homes receiving an average of two offers. Realtor.com has described conditions as leaning toward a seller’s market, but longer marketing times and more frequent price reductions indicate buyers may have more negotiating leverage than during the 2021–2022 peak.
For sellers, realistic pricing appears increasingly important as buyers take more time to compare options. For buyers, the rise in available homes may provide additional choices and flexibility.
Rental Snapshot
On the rental side, Zillow reports average asking rents ranging from $2,549 to $2,608 this winter, with modest year-over-year growth. Elevated rents continue to factor into decisions for households weighing whether to rent or purchase.
With prices still near recent highs but inventory trending upward, the spring season will offer clearer signals about demand and pricing momentum in the months ahead.