Home Values

Murrieta Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$364,400

  • 4.5% 1-year change
  • 4.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Murrieta is $364,400. Murrieta home values have gone up 4.5% over the past year and Zillow predicts they will rise 4.4% within the next year. The median list price per square foot in Murrieta is $158, which is lower than the Riverside Metro average of $169. The median price of homes currently listed in Murrieta is $369,000 while the median price of homes that sold is $345,000. The median rent price in Murrieta is $1,795, which is higher than the Riverside Metro median of $1,550.

Foreclosures will be a factor impacting home values in the next several years. In Murrieta 3.4 homes are foreclosed (per 10,000). This is lower than the Riverside Metro value of 4.0 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Murrieta is 5.8%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Murrieta homeowners underwater on their mortgage is 15.2%, which is lower than Riverside Metro at 17.0%.

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Relative ZHVI
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Murrieta Market Overview

Data through Feb 28, 2015
  • $364,400 ZHVI
  • 4.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $369,000 Median listing price
  • $345,000 Median sale price
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Murrieta Market Health

Data through Feb 28, 2015
  • 4.7/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 15.2% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.4 homes Murrieta
4 homes Riverside Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Fallbrook $467,300
Oceanside $406,200
Temecula $387,300
Name Median ZHVI
Canyon Lake $367,200
Wildomar $317,600
Menifee $304,700
Name Median ZHVI
Lake Elsinore $250,600
Sun City $174,800
Quail Valley $119,700

Listings & Sales

Data through Feb 28, 2015
  • $158 Median list price / sq ft
  • $154 Median sale price / sq ft
  • 11.4% Listings with price cut
14.7%
Sold below listing
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Murrieta Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,914 Murrieta
    $1,670 Riverside Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,795 Rent list price
  • $0.94 Rent list price / sq ft
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