Temecula, CA
Housing Market
Temecula's housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Temecula's supply and demand trends. Our report equips you with all the information you need to make well-informed decisions.
Verified Data
Updated Monthly
Fast Insights
Real-time Analytics
Last updated
Overview
Supply
Demand
Buy or SellTemecula Housing Market Overview
Temecula's housing market has seen steady growth, with home prices rising by 7.4% year-over-year to a median price of $730,000. Homes in Temecula stay on the market for an average of 34 days, slightly longer than last year's 27 days. With its suburban charm and renowned wineries, Temecula is a sought-after destination for those looking to settle down outside of California's major urban centers.
However, home sales have slowed down. 58 Temecula houses were sold this month, down by 33.3% from the same time last year. This decline in sales suggests a slight softening in market activity. Nevertheless, Temecula's real estate market remains attractive, especially for those seeking more space, top-rated schools, and a peaceful environment. Sellers looking to move quickly can benefit from realistic pricing and offering potential incentives to buyers.
However, home sales have slowed down. 58 Temecula houses were sold this month, down by 33.3% from the same time last year. This decline in sales suggests a slight softening in market activity. Nevertheless, Temecula's real estate market remains attractive, especially for those seeking more space, top-rated schools, and a peaceful environment. Sellers looking to move quickly can benefit from realistic pricing and offering potential incentives to buyers.
Median Sale Price
$
0% year-over-year
All Home Types 
1 year
3 year
5 year
Temecula
Temecula Housing Supply
The city's housing market has seen a significant shift recently, with the number of homes for sale in Temecula down by 24% YoY. Despite this decline, 102 new Temecula listings have entered the market, which brings new opportunities for prospective buyers. The current housing supply in Temecula stands at 1.7 months, up 0.2 months from the previous year—an indicator of a more competitive market with lower inventory.
Temecula's market trends also follow seasonal patterns. In spring and summer, inventory tends to spike as both sellers and buyers are eager to close deals before the school year starts. Known for its scenic views, family-friendly environment, and proximity to the Temecula Valley wine country, Temecula offers a relaxed lifestyle that appeals to those who seek suburban charm. Popular areas like Old Town Temecula and the surrounding rural areas provide a variety of inventory options, from cozy cottages to spacious ranches. With its easy access to San Diego and Los Angeles, Temecula is an attractive location for buyers looking to escape the hustle and bustle of city life.
Temecula's market trends also follow seasonal patterns. In spring and summer, inventory tends to spike as both sellers and buyers are eager to close deals before the school year starts. Known for its scenic views, family-friendly environment, and proximity to the Temecula Valley wine country, Temecula offers a relaxed lifestyle that appeals to those who seek suburban charm. Popular areas like Old Town Temecula and the surrounding rural areas provide a variety of inventory options, from cozy cottages to spacious ranches. With its easy access to San Diego and Los Angeles, Temecula is an attractive location for buyers looking to escape the hustle and bustle of city life.
# of Homes for Sale
0% year-over-year
All Home Types
1 year
3 year
5 year
Temecula
Temecula Housing Demand
The competition in Temecula's housing market is intense, with 50% of homes selling above their list price, marking a 1.7 percentage point decrease compared to last year. On the other hand, price reductions have surged to 45.1% of all listings, a significant 26.8 percentage point increase from last year. Despite this, the sale-to-list price ratio has climbed to 100.5%, which means that homes are now selling slightly above their asking price on average.
In this environment, pricing strategy is critical. As a home seller, if you set the right initial price, you can avoid the need for price cuts. Offering concessions to buyers may also be an effective way to close deals faster, especially if you want to sell in a competitive market. Buyers should focus on Temecula, CA homes that have been listed for extended periods or recently faced price drops. These could give you better negotiation opportunities.
In this environment, pricing strategy is critical. As a home seller, if you set the right initial price, you can avoid the need for price cuts. Offering concessions to buyers may also be an effective way to close deals faster, especially if you want to sell in a competitive market. Buyers should focus on Temecula, CA homes that have been listed for extended periods or recently faced price drops. These could give you better negotiation opportunities.
Homes Sold Above List Price
%0% year-over-year
All Home Types
1 year
3 year
5 year
Temecula
Strong
Buyer
Buyer
Balanced
Seller
Strong
Seller
Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Temecula Housing Market: When to Buy or Sell?
Temecula's real estate market sees frequent shifts between buyer-friendly and seller-friendly conditions. Like the broader California housing market, Temecula can favor both buyers and sellers depending on the season. When inventory increases and competition decreases, buyers may find more opportunities for negotiation. On the other hand, when demand exceeds supply, sellers stand to benefit from higher prices and faster sales.
Moreover, if the months of Temecula's housing supply rise above the balanced conditions of the US real estate market (5 to 6 months), buyers can take their time to evaluate their options. Sellers, on the other hand, will see increased competition and more offers when the supply period is around 2-3 months. Understanding these dynamics will help you strategically time your transaction, whether you're buying your first home or selling your current property in Temecula.
From Hot Trends to Hidden Gems—All in Your Pocket!
The Houzeo app brings the entire real estate journey to your fingertips. Browse, list, and close—anytime, anywhere.
Download the Houzeo Mobile App Now!
Check the Real Estate Trends in Your State
- Alabama Housing Market
- Alaska Housing Market
- Arizona Housing Market
- Arkansas Housing Market
- California Housing Market
- Colorado Housing Market
- Connecticut Housing Market
- Delaware Housing Market
- Florida Housing Market
- Georgia Housing Market
- Hawaii Housing Market
- Idaho Housing Market
- Illinois Housing Market
- Indiana Housing Market
- Iowa Housing Market
- Kansas Housing Market
- Kentucky Housing Market
- Louisiana Housing Market
- Maine Housing Market
- Maryland Housing Market
- Massachusetts Housing Market
- Michigan Housing Market
- Minnesota Housing Market
- Mississippi Housing Market
Show more
Search by Top Cities in California
- San Bruno Housing Market
- Sacramento Housing Market
- Atherton Housing Market
- San Diego Housing Market
- San Francisco Housing Market
- Los Angeles Housing Market
- San Mateo Housing Market
- Carlsbad Housing Market
- Palm Springs Housing Market
- San Jose Housing Market
- Irvine Housing Market
- Oakland Housing Market
- Palo Alto Housing Market
- Santa Barbara Housing Market
- Fresno Housing Market
- Temecula Housing Market
- Santa Cruz Housing Market
- Santa Rosa Housing Market
- Bakersfield Housing Market
- Walnut Creek Housing Market
- Modesto Housing Market
- Laguna Woods Housing Market
Frequently Asked Questions
How have home prices in Temecula, CA changed over the past year?
Over the past year, Temecula home prices have increased by 7.4%, with a median value of $730,000. While the market remains active, some areas see slower price growth, which pushes sellers to adjust their pricing strategies. Use our free home value estimator to assess your property's current market value and compare it with homes in your area.
What are Temecula real estate market predictions for 2025?
Temecula house prices are expected to see modest growth in 2025. While demand remains steady, higher mortgage rates and rising prices may slow sales. Buyers may have negotiating power in some areas, especially if inventory levels continue to rise across the California housing market.
What's the average home price in Temecula, CA?
The average price of homes in Temecula, CA varies by property type and location. Condos typically cost $455,500, while single-family homes average $762,500. If you're looking to buy, you can find cheap houses for sale in Temecula, California that fit your budget.
Is this a good time to buy a home in Temecula, CA?
It could be a good time to buy in Temecula, particularly with the surge in inventory levels. If mortgage rates and housing prices stabilize, it could present an ideal window to secure a home. Keep monitoring housing market trends in Temecula to get the best deal.
How is the housing market right now in Temecula?
The housing market in Temecula is currently very competitive. Supply is limited, and properties go under contract within an average of 34 days.
When will the Temecula housing market crash?
According to the Temecula housing market forecast, the market will remain steady through 2025. While there may be some cooling during the winter months, the demand for homes will likely stay strong due to the city's appeal for families and retirees. As always, these market shifts depend on local factors.
How to buy a home in Temecula?
If you're buying a home in Temecula, start with a solid budget and get a mortgage pre-approval. After that, browse Temecula, CA houses for sale, submit offers, and secure financing through a local lender. Be sure to conduct home inspections and negotiate a favorable deal.
How can I list my home for sale in Temecula, CA?
You can list your Temecula house using a Flat Fee MLS listing service. Top-rated platforms like Houzeo allow you to list your home on the California MLS, and help you save thousands on listing agent commissions.
What is the average mortgage rate for buyers in Temecula?
The average mortgage rate in Temecula fluctuates between 6.8% and 7%, depending on market conditions and the buyer's credit score. Check with local lenders to get the most accurate rate.
What is the cost of living in Temecula, California?
The cost of living in Temecula is 12% lower than the cost of living in California. However, it's about 31% higher than the national average, with housing costs being the biggest expense. Nevertheless, Temecula is still more affordable than cities like San Diego or Los Angeles, making it a popular choice for families and retirees.
Important Legal Disclosures