The Lake Elsinore housing market is somewhat competitive. Homes in Lake Elsinore receive 2 offers on average and sell in around 41 days. The median sale price of a home in Lake Elsinore was $585K last month, up 5.4% since last year. The median sale price per square foot in Lake Elsinore is $289, up 6.6% since last year.
What is the housing market like in Lake Elsinore today?
In March 2024, Lake Elsinore home prices were up 5.4% compared to last year, selling for a median price of $585K. On average, homes in Lake Elsinore sell after 41 days on the market compared to 75 days last year. There were 67 homes sold in March this year, up from 64 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$585,000
+5.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lake Elsinore, CA
$585,000
+5.4%
United States
To compare other locations to the Lake Elsinore and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lake Elsinore add value to a home.
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How hot is the Lake Elsinore housing market?
Lake Elsinore is somewhat competitive. Homes sell in 40.5 days.
0
100
62
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 41 days.
Hot homes
can sell for about 2% above list price and go pending in around 16 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Lake Elsinore
Explore recent offers and recently sold homes in Lake Elsinore
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
Tuscany Hills Elementary School
Public • K-5
703
Students
18 reviews
7/10
Rice Canyon Elementary School
Public • K-5
880
Students
8 reviews
7/10
Herk Bouris Elementary
Public • K-5
756
Students
5 reviews
6/10
Earl Warren Elementary School
Public • K-5
808
Students
8 reviews
6/10
Cottonwood Canyon Elementary School
Public • K-5
883
Students
15 reviews
Only showing 5 of
13 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lake Elsinore housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Elsinore.
Risk Factor
Flood Factor - Moderate
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Elsinore has a moderate risk of flooding. 2,164 properties in Lake Elsinore are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Lake Elsinore. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake Elsinore has a severe risk of wildfire. There are 29,630 properties in Lake Elsinore that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in Lake Elsinore.
Lake Elsinore has minimal risk of severe winds over the next 30 years
Wind Factor
Lake Elsinore has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.