Riverside County ยท ๐Ÿข Condos & Condominiums
Updated today ยท based on latest MLS activity

Condos & Condominiums Market Report โ€” Murrieta, CA

Median price $468,000 with a warm market, 195 closed sales, and 16.2 months of supply.

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Certified Residential Appraiser Lic #041145 | CA AMC Lic #3006906

Market Summary

$468,000
Median Price
$339.4/sf
Median PSF
0.1%
Price Change
Warm
Market Temperature
16.2 mo
Absorption Rate
โžก๏ธ Seller
Market Type

What's Your Condos & Condominiums Worth in Murrieta?

Based on 195 recent closed sales, a typical condos & condominiums in Murrieta falls in this range:

$374,400 โ€“ $561,600

Actual value depends on size, condition, location, and lot. Text your address for a precise estimate.

Text (909) 566-2866 for Your Value โ†’

Supply & Demand

Activity

Active listings: 41

Pending: 5

Closed / month: 16.2

Market balance: Seller Strong

Recommendation

Use recent condos & condominiums sales to price for a warm market in Murrieta.

Review pending count and active supply before making price or offer timing decisions in this warm segment.

Inventory

41
Active
5
Pending
13
Closed 30d
42
Closed 90d
$468,000
Median Active Price
96
Avg Days Active

Monthly Trend Chart

$439,500
25-11
$435,000
25-12
$470,000
26-01
$485,000
26-02
$509,750
26-03
$425,000
26-04
$519,990
26-05
$481,500
26-06
$480,000
26-07
$437,950
26-08
$486,500
26-09
$357,500
26-10

โžก๏ธ Stable trend ยท 16.2 sales/month average

Recent Sales

27494 Hazelhurst

Close Price: $460,000

Close Date: 2026-10-20

Beds / Baths: 3 / 3

Sq Ft: 1,428

$/sf: $322

24909 Madison

Close Price: $390,000

Close Date: 2026-10-20

Beds / Baths: 2 / 2

Sq Ft: 1,159

$/sf: $336

24909 Madison

Close Price: $400,000

Close Date: 2026-10-15

Beds / Baths: 2 / 2

Sq Ft: 1,159

$/sf: $345

28661 Via Las Flores

Close Price: $265,000

Close Date: 2026-10-14

Beds / Baths: 1 / 1

Sq Ft: 762

$/sf: $348

41410 Juniper

Close Price: $325,000

Close Date: 2026-10-09

Beds / Baths: 2 / 2

Sq Ft: 1,159

$/sf: $280

What to Know About Condos & Condominiums in Murrieta

Condominiums in Murrieta serve a distinct slice of the Inland Empire market where buyers balance payment sensitivity with convenience, amenities, and lower maintenance ownership. The clearest pricing differences usually come from HOA quality, project reputation, parking, and whether a unit feels competitive with nearby entry-level detached options.

For Condo Buyers & Investors in Murrieta

Condo valuations in Murrieta depend heavily on HOA financials, special assessment history, and comparable sales within the same complex. Lenders scrutinize condo project approval status, warrantability, and owner-occupancy ratios.

Thomas Appraisal has deep experience with condo valuations across Southern California. Whether you are buying, selling, or refinancing, get a certified appraisal that reflects true market value โ€” not just the last sale in the building.

Condos & Condominiums FAQ

For condos in Murrieta, buyers usually compare the complex first and the unit second. HOA quality, amenities, parking, floor level, view, and monthly dues often matter as much as square footage when explaining price differences.
Yes. Higher dues can be supported when they clearly cover strong amenities, exterior maintenance, or gated access, but they can also cap buyer affordability. In Murrieta, condo pricing works best when you compare units with similar HOA obligations and community quality.
Usually no. Detached condos in Murrieta often compete with small single-family homes, while attached units compete more directly inside the same project type. Keeping those groups separate helps preserve a cleaner value range.
Condo buyers in the Inland Empire are highly sensitive to community feel, financing friendliness, and shared-area maintenance. Two nearby projects in Murrieta can show very different pricing if one has stronger upkeep, better parking, or lower perceived risk.
Lionel Newman Thomas

Your Appraiser: Lionel Newman Thomas

Certified Residential Appraiser Lic #041145 | CA AMC Lic #3006906

Certified Residential Real Estate Appraiser with 17 years of experience serving the Inland Empire and greater Southern California. Lionel provides accurate, defensible valuations backed by CRMLS data and deep local market knowledge.

๐Ÿ“ž (909) 266-0644 ๐Ÿ’ฌ Text (909) 566-2866

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