Irvine, CA Home Values & Market Trends

Real estate market trends reflect that there have been 3,439 transactions over the past year in Irvine. The median value for residential home transactions that occurred over the previous year is $1,378,027.32. The number of current listings in Irvine is 235, and the percentage of properties for sale in the city is 235.00%. Irvine, CA currently has 106 properties in foreclosure, 1 bank owned properties, 11 properties headed for auction, and 235 properties for sale.

Irvine, CA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
92618

$ 1,571,050

$ 695/sqft

92602

$ 1,852,250

$ 732/sqft

92620

$ 1,407,199

$ 735/sqft

92614

$ 1,205,000

$ 686/sqft

92603

$ 2,589,500

$ 890/sqft

92606

$ 1,248,896

$ 784/sqft

92612

$ 1,089,000

$ 728/sqft

92617

$ --

$ --

92604

$ 1,229,335

$ 719/sqft

92697

$ --

$ --

Housing Market Summary for Irvine, CA

Mar 2023February 2024Change
Median Listing Price$1.3M$1.4M7.24%
Median Sold Price$1.3M$1.4M8.15%
Homes For Sale284231-18.66%
Homes Sold2,0532,32413.20%
Price
$/Sqft
Homes For Sale
0
0

Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

0
0

Browse Homes in Irvine, CA

Irvine home values range from $155,385 to $24,692,500. The median estimated value of a home in Irvine is $1,378,027.32. The median list price of a home is 1,398,000, and the total count of properties in the city is 75,163.

Foreclosure
There are 10 zips within Irvine, CA; within these zips, the median estimated home value for homes in foreclosure ranges from $3,142,250 in 92618 to the lowest value of $601,750 in 92618. Foreclosure homes account for 0.00% of properties in Irvine, CA with 92602 containing 22 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.13% of all residential properties in Irvine, CA with 92620 containing 20 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 10 zips within Irvine, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $3,194,500 in 92603 to the lowest home value of $601,750 in 92618.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Irvine, CA ranges from the highest value of $1,124,500 in 92602 to the lowest value of $1,124,500 in 92602. Bank owned homes and properties account for 0.00% of properties in Irvine, CA. There are 10 zips within Irvine, CA; 92602 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    92602 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Irvine, CA. Auction homes and other auction properties account for 0.01% of all properties in Irvine, CA. There are 10 zips within Irvine, CA; of those zips, the median estimated home value for homes going to auction ranges from $6,567,000 in 92603 to the lowest value of $786,250 in 92603.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.31% of residential properties in Irvine, CA with 92618 containing 50 homes for sale, the highest number of listed properties in a single zip. There are 10 zips within Irvine, CA; homes for sale in those zips, have a range of median values from $22,900,000 in 92603 to the lowest value of $476,685 in 92618.
    Sold Homes
    The median value for recently sold homes ranges from $15,529,450 in 92603 to the lowest price of $310,946 in 92603. There are 10 zips within Irvine, CA. 92618 has 651 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.15% of properties in Irvine, CA.

      Compare Nearby Cities

      Price
      $/Sqft
      Homes For Sale
      0
      0
      Irvine, CA
      $
      $

      Guide for Irvine, CA

      RealtyTrac Market Report
      California
      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
      California
      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      California
      Anaheim Property Trends: Slow but Steady Uptick in Home Values – Mar 2024
      California
      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      See More Articles
      RealtyTrac Market Report
      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
      California|posted 8 December 2023

      In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.

      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      California|posted 6 March 2024

      Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.

      Anaheim Property Trends: Slow but Steady Uptick in Home Values – Mar 2024
      California|posted 6 March 2024

      Anaheim, CA’s real estate trends show consistent growth in property values, latest data shows.

      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California|posted 1 March 2024

      The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.