Irvine, CA 92614 Real Estate Market Report

ZIP Code: 92614
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Irvine 92614 are 6.30% compared to the 6.06% average seen in early 2026, indicating property owners in this market currently hold more favorable rates than those available for new loans.

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. Median sold price: 1,650,000 is the best indicator of current market value in 92614 and represents the representative recent sale level for single-family and condominium properties, signaling realized pricing rather than asking expectations.

2. Median listing price: 1,859,000 sits above the median sold price, which may indicate a gap between seller expectations and transaction outcomes and suggests pricing friction in negotiations.

3. Median days on market: 343 points to slower sales velocity, which, when combined with the observed listing/sold price gap, suggests liquidity is more measured despite broader market warmth.

4. Market temperature: hot combined with a price year-over-year trend of up and a rent year-over-year trend of up implies ongoing demand pressure supporting price resilience, while interest rate pressure is moderate, and property owners generally hold more favorable financing than current new-loan rates (current 30-year fixed at 6.30% vs 6.06% average earlier in 2026).

5. Sample analysis shows elevated inventory relative to sales activity in the dataset, which may moderate upward price momentum and suggests sellers should expect measured time-to-contract and potentially negotiate on price or concessions.

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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.

Irvine, CA 92614 Real Estate Market Report

ZIP Code: 92614
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Irvine 92614 are 6.30% compared to the 6.06% average seen in early 2026, indicating property owners in this market currently hold more favorable rates than those available for new loans.

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. The neighborhood’s primary market signal is the median sold price $958,888, which reflects recent transaction levels and supports a hot price environment given reported market temperature.

2. The median listing price $910,000 sits below the median sold price $958,888, which may indicate seller expectations are being met or exceeded and suggests seller-strength in recent transactions.

3. The median days on market 324 is long relative to typical turnover assumptions and suggests slower sales velocity, indicating pricing friction or elongated negotiation timelines despite strong price readings.

4. Inventory conditions appear as elevated inventory relative to sales activity in the analyzed sample, while market signals remain positive: price year-over-year trend is up and rent year-over-year trend is up. Interest rate pressure is moderate and current mortgage conditions show 6.30% for a 30-year fixed compared to a 6.06% early‑2026 average, which suggests existing owners may hold more favorable financing than new buyers; treat liquidity conclusions cautiously given these mixed signals.

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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.