Photo: Mrbooger · CC BY-SA 4.0700 homes sold in Lake Elsinore in the last year, at a typical $602K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lake Elsinore homes are listed.
Every place Lake Elsinore homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lake Elsinore.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
8% of Lake Elsinore’s sales are condos, at $200K less than a house
649 houses and 60 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 649 sold in the year to May 2026
- Per square foot
- $283CA $494
- Days to sell
- 59
- Sold over asking
- 41%
- Listings with a price cut
- 24%
typical sale · 60 sold in the year to May 2026
- Per square foot
- $286CA $561
- Days to sell
- 64
- Sold over asking
- 30%
- Listings with a price cut
- 25%
Multi-family (2–4 units): 4 sold, typical $579K
Townhouses: 4 sold, typical $418K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.8 times the 2016 price
700 sales in the last year, against 1,179 in 2021 and a low of 617 in 2023. The typical sale went from $330K in 2016 to $602K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $600K buys in Lake Elsinore
Check a listing against what Lake Elsinore homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lake Elsinore are back to pre-pandemic levels, but a quarter fewer homes come up for sale
We read every month of Lake Elsinore’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 700 sales.
If you’re buying in Lake Elsinore
- Shop in September. It brings about 99 new listings a month, close to the busiest month, with fewer bidding wars (43% over asking).
- Bid near asking. Buyers paid 99.9% of the list price on average; 39% paid over.
- You’ll usually have time. Only 22% of homes go under contract within two weeks; the typical one takes 57 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 117 a month), but July is the most competitive: 50% of July sales close over asking. August and September offer nearly as much choice with fewer homes bid up (47%). January has the least competition (41%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like California as a whole
| Lake Elsinore now | 2017–19 | 2021 peak | CA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 39% | 39% | 75% | 35% |
| Gone within two weeksShare of homes under contract within 14 days | 22% | 27% | 60% | 33% |
| Price paid vs. askingAverage sale price ÷ list price | 99.9% | 99.4% | 103.1% | 99.9% |
| Days to sellMedian days from listing to contract | 57 | 52 | 24 | 43 |
199 homes for sale on a typical day
That’s 1.7 times the 2013 low (118), 25% fewer than in 2017–19 and well under 2018’s 286.
Since 2019, houses are up 59%, condos 58%
A house typically sold for $610K in the year to May 2026 (649 sales), a condo for $410K (60).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Lake Elsinore ranks 207th of 560 busy California markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Lake Elsinore is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lake Elsinore home costs about $3,620 a month
Price: Lake Elsinore’s typical sale, last 12 months. Property tax at Lake Elsinore’s 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lake Elsinore is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 52.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $602K home, about $5,750 a year.
Taxes vs. neighborsSchools
The schools grade for Lake Elsinore, from test results, graduation and how much students grow.
Schools in Lake ElsinoreTypical commute
The average one-way trip to work for people who live in Lake Elsinore.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Canyon Lake for far more
The busier markets within 25 miles of Lake Elsinore, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Menifee | 1,580 | $570K | $285 | 37% | 47 |
| Lake Elsinore | 700 | $602K | $283 | 39% | 57 |
| Perris | 463 | $564K | $277 | 50% | 48 |
| Temescal Valley | 388 | $725K | $351 | 30% | 61 |
| Wildomar | 279 | $675K | $286 | 41% | 51 |
| Canyon Lake | 212 | $765K | $359 | 19% | 66 |
| Lakeland Village | 130 | $530K | $342 | 48% | 59 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lake Elsinore, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lake Elsinore. People who follow the town see it, and so do people comparing Lake Elsinore with their own town. No commission, no listing fee.
Questions about buying a home in Lake Elsinore
What do homes sell for in Lake Elsinore, CA?
700 homes sold in the year to September 2026 at a typical $602K, $283 a square foot. Houses sold for about $610K, condos for about $410K in the year to May 2026.
Is Lake Elsinore a buyer’s or seller’s market?
A seller’s market: 214 homes were for sale in September 2026 and 69 sold, about 3.1 months of supply. Buyers paid 99.9% of asking on average.
When is the best time to buy in Lake Elsinore?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lake Elsinore?
About 1% of a home’s value a year. On a $602K home that’s near $5,750.
Where can I see homes for sale in Lake Elsinore?
Zillow, Redfin, Realtor.com and Homes.com all carry Lake Elsinore’s MLS listings; the search links above open each one filtered to Lake Elsinore.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).