Irvine, CA 92614 Real Estate Market Report

ZIP Code: 92614
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Irvine, CA (ZIP: 92614) is $1,650,000, reflecting a stable market environment with modest price appreciation. The neighborhood has increased 15% since 2023, indicating a positive trend in property values. Despite elevated inventory levels, the demand for properties under $2.5 million remains strong, contributing to a neutral market temperature.

Transaction activity shows a slower sales velocity with a median of 314 days on market, suggesting that while buyers are interested, they are taking their time to make decisions. The market's liquidity appears moderate, with excess supply relative to sales activity, which may indicate potential pricing friction as sellers adjust their expectations to align with buyer sentiment.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Irvine, CA are averaging 6.38%, which is 0.3% higher than the 6.08% average from March 2025.

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

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Key Findings

1. $1,650,000 is the median sold price, indicating a strong market value despite elevated inventory levels.

2. The median days on market stands at 314 days, suggesting a slower sales velocity and potential buyer hesitance.

3. Market temperature is currently neutral, reflecting balanced conditions despite the excess supply relative to sales activity.

4. The median market rent is $4,980, which may indicate strong rental demand in the area.

5. Interest rate pressure is elevated, with current 30-year fixed mortgage rates averaging 6.38%, potentially affecting buyer affordability.

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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.