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

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.

Market Trends & Context

Key Findings

1. The primary indicator of market value and recent transaction activity is the median sold price, which stands at $2,934,000, consistent with a up price year-over-year trend and an overall market temperature described as hot, suggesting persistent seller strength in June 2026.
2. There is a notable gap between seller expectations and transaction outcomes: the median listing price is $3,342,500 versus the median sold price of $2,934,000, which may indicate pricing friction where asking prices exceed what buyers are closing at in this market.
3. Liquidity appears muted despite a hot market signal—median days on market is 309, which suggests slower sales velocity and that transactions may be taking longer to reach contract and close than in faster markets.
4. Rents and rent pressure are supportive of housing demand: median market rent is $3,500 with a up rent year-over-year trend; combined with moderate interest rate pressure, this dynamic may sustain rental demand and influence hold-versus-sell decisions for owners.

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.