Unknown, CA 92618 Real Estate Market Report

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

---

Executive Overview

As of March 2026, the real estate market in Unknown, CA (ZIP: 92618) is characterized by a median sold price of $2,961,500, reflecting a slight decline in market value compared to previous periods. The neighborhood has decreased 8% since 2022, indicating a trend of localized price declines that contrasts with broader appreciation trends in Irvine. This shift suggests a cooling market where buyers are gaining some negotiating power, often resulting in sales occurring below list prices.

Market velocity appears to be slowing, with median days on market extending to 273 days. This extended duration indicates a more cautious buyer sentiment and a potential excess supply relative to sales activity. The current median listing price stands at $2,890,000, which, while close to the sold price, may reflect seller expectations that are not fully aligned with current market realities. Overall, the market temperature is neutral, suggesting a balanced state where both buyers and sellers are adjusting to evolving conditions, with interest rates expected to ease modestly, potentially supporting future sales activity.

---

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

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.

---

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

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 in the 92618 area at approximately 6.25% are 0.3% lower than the 6.55% average seen in early 2025, presenting a slight cost advantage for recent borrowers.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $2,961,500 indicates a localized price decline, with the neighborhood having decreased 8% since 2022, reflecting softening market conditions.

2. With median days on market at 273, the market is experiencing slower sales velocity, suggesting a cautious buyer sentiment and extended decision-making periods.

3. The median listing price of $2,890,000 is closely aligned with the sold price, indicating potential pricing friction as sellers adjust expectations to current market realities.

4. The market temperature is currently neutral, suggesting a balanced environment where buyers are gaining some negotiating leverage against sellers.

5. Interest rates are expected to ease modestly, which may support future sales activity in the area, indicating a potential shift towards increased buyer interest.

---

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.