Irvine, CA 92618 Real Estate Market Report

ZIP Code: 92618
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the housing market in Irvine, CA (ZIP: 92618) shows a median sold price of $2,929,500, reflecting a stable market with modest price appreciation. This price indicates a healthy demand for properties in the area, particularly as the neighborhood has experienced an upward trend in pricing, although specific historical price change data is not available. The market appears to be maintaining a balanced dynamic between buyers and sellers, suggesting that both parties are finding common ground in negotiations.

Inventory conditions indicate elevated levels of supply relative to sales activity, which may suggest a slight cooling in transaction velocity. The median days on market stands at 298 days, indicating a slower pace for property sales. This extended time frame could be a result of buyer hesitance amid moderate interest rate pressures, which are currently assessed as moderate. Overall, the market remains neutral, with ongoing demand for rentals reflected in a median market rent of $6,020, supporting the local economy's 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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Property Taxes

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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.

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Key Findings

1. The median sold price of $2,929,500 indicates a stable market with modest price appreciation.

2. Elevated inventory levels suggest a potential slower sales velocity, with properties taking a median of 298 days to sell.

3. The median market rent of $6,020 reflects strong rental demand, supporting the local economy.

4. Current interest rate pressure is assessed as moderate, which may influence buyer behavior.

5. The market temperature is neutral, indicating a balanced buyer-seller dynamic.

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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.