Irvine, CA 92602 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator, median sold price at 2,286,684, confirms recent transaction-level value and supports the view of modest appreciation consistent with the price year-over-year trend being up.
2. There is a notable gap between median listing price at 3,400,000 and the median sold price, which may indicate pricing friction and suggests sellers are still testing the market rather than all listings reflecting transaction reality — buyers should expect negotiation on ask-to-sale differentials (softening).
3. The median days on market at 284 points to slower sales velocity and extended time to transact for representative recent sales; this longer absorption timeline may give buyers more time to evaluate offers while indicating reduced market liquidity relative to faster markets (caution).
4. Market-level context shows a balanced near-term backdrop: the market temperature is neutral while interest rate pressure is moderate, and current mortgage rates are higher than early‑2026 averages — collectively this suggests a stable but more cost-sensitive demand profile that may cap upside in the near term (moderate).

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.