Irvine, CA 92618 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

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 value indicator is the median sold price $2,867,000, which reflects recent transaction activity; the median listing price $2,995,000 sitting above that suggests some pricing friction between seller expectations and closed transactions, consistent with a price year-over-year trend described as up.
2. The median days on market 344 signals slower sales velocity and may indicate longer negotiation timelines or more selective buyer behavior; given the market temperature is neutral, this appears to reflect moderate liquidity rather than distressed conditions.
3. The median price per square foot $843 confirms transactions are occurring at a premium per area, reinforcing that SFR and condominium demand is concentrated in higher-quality product; paired with rent year-over-year trend described as flat, rental demand is not materially driving price acceleration.
4. Current 30-year fixed mortgage rates in Irvine, CA, are averaging 6.49% to 6.61%, and interest rate pressure is labeled moderate; this rate environment may temper marginal buyer activity and help explain the observed slower sales velocity while the overall market temperature remains neutral.

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.