The Lake Elsinore housing market is somewhat competitive. Homes in Lake Elsinore receive 2 offers on average and sell in around 45 days. The median sale price of a home in Lake Elsinore was $610K last month, up 4.8% since last year. The median sale price per square foot in Lake Elsinore is ¤289, up 8.4% since last year.
What is the housing market like in Lake Elsinore today?
In June 2024, Lake Elsinore home prices were up 4.8% compared to last year, selling for a median price of $610K. On average, homes in Lake Elsinore sell after 45 days on the market compared to 36 days last year. There were 60 homes sold in June this year, down from 72 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$610,000
+4.8% YoY | Jun 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2024
Growth
% YoY
Lake Elsinore, CA
$610,000
+4.8%
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 35 days.
0
100
69
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 about 1% above list price and go pending in around 35 days.
Hot homes
can sell for about 2% above list price and go pending in around 13 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
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.
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.