Menifee · Homes for Sale
Menifee Homes for Sale Under $400,000
Listings in Menifee under $400,000 appear below, updated daily, with Redfin and Census context. In the 2020-2024 American Community Survey, 23% of Menifee homeowners put their home value under $400,000.
Where the Lower Prices Are
Even the lowest Redfin neighborhood median in Menifee, Menifee Town Center at $500,000 on 9 sales, sits well above $400,000, so homes in this search are likely to be smaller condos, co-ops or manufactured homes.
Sale Prices
Across all home types, Menifee posted a $571,000 median sale on 401 closings from July to September 2026. The all-type figure for Menifee came to $288 per square foot, a handy yardstick for any listing.
Housing Stock
The 1980s and 1990s added 27% of the current Menifee stock. Construction since 2000 makes up 53% of the Menifee housing count. Construction from 1960 to 1979 is 18% of the Menifee count, per ACS. Owner estimates below $500,000 cover 43% of Menifee homes in Census data. ACS counts 3% of Menifee units as attached single homes, where townhouses fall.
Listings and Demand
On average, condo and co-op units sold for 100.8% of the asking price. During the quarter, 484 new listings of all types hit the Menifee market. At the recent pace, the citywide inventory equaled about 3.3 months of sales. Redfin found 25% of Menifee homes under contract within two weeks of listing. At the end of September, 420 Menifee sales were pending. Roughly 45% of condo sales went over the first asking price.
HOA and FHA Basics
Read the CC and Rs for pet, parking and rental limits. Check for any planned special assessment. FHA loans on condos need a project the program accepts. Not legal, lending or tax advice; general information only.
Selling a Menifee home first? Get a free home value from Jay before you shop.
Related: Menifee homes under $300,000.
Sources: U.S. Census ACS 2020-2024 5-year estimates and Redfin, a national real estate brokerage (Jul-Sep 2026).
Jay Romero, Broker, DRE 01343079 | Miamar Realty | Call (949) 822-8702
Miamar Realty | Corporate DRE #02192235 | 14241 Firestone Blvd #400, La Mirada, CA 90638 | Equal Housing Opportunity.
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