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. median sold price — 2,496,000 is the primary indicator of current market value and recent transaction activity; relatively constrained active supply in the analyzed sample appears to support price stability despite extended selling timelines, representative recent sale.
2. median listing price — 3,339,000 sits materially above the median sold price, which suggests a meaningful gap between seller expectations and actual transaction prices and may indicate pricing friction in negotiations.
3. median days on market — 282 points to slower sales velocity and extended listing durations, which may indicate that liquidity is muted even as the market temperature is reported as neutral; this dynamic suggests sellers may need to price to transaction realities, exercise caution.
4. median market rent — 3,180 and a reported rent year-over-year trend of up reinforce strong rental demand in the area, which supports investment interest and secondary market stability while interest rate pressure remains moderate, rising rents.

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.