Irvine, CA 92618 Real Estate Market Report

ZIP Code: 92618
Report Date: February 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: 92618) is $2,988,000, reflecting a stable market environment. This price point indicates a solid demand for properties, despite the recent recalibration in the market. The neighborhood has increased 15% since 2023, showcasing a positive trend in property values.

Currently, the market is experiencing elevated inventory levels, which may suggest a shift towards a more balanced state. The median days on market stands at 232 days, indicating slower sales velocity and a potential pricing friction between seller expectations and buyer readiness. The overall market temperature is neutral, with strong local economic fundamentals continuing to support housing demand and price stability.

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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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Liquidity & Velocity

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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 near Irvine CA at approximately 5.875% are lower than the 6.250% average rate seen earlier in 2026, presenting a cost opportunity for refinancing.

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. $2,988,000 is the median sold price, indicating a strong demand despite elevated inventory levels.

2. The market has seen a 15% increase since 2023, reflecting positive price appreciation in the area.

3. Median days on market is 232 days, suggesting slower sales velocity and potential pricing friction.

4. The median market rent is $6,020, which may indicate ongoing demand for rental properties.

5. Interest rate pressure is currently elevated, which could impact buyer affordability and market dynamics.

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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.