Irvine, CA Housing Market
Median List Price
$1,625,000
Updated August 2026
Today, Irvine has 798 homes for sale at a median list price of $1,625,000, typically selling in about 48 days.
Irvine Market Analysis
The median list price in Irvine, CA is $1.6M. Current inventory stands at 798 active listings. 265 new listings came on the market in the last 30 days.
Expect a median around $607,000 for one bedroom homes and $4.5M at the six bedroom end. Condos lead the mix at 51.5%, with single family homes accounting for another 41.6%. February to July saw the median price go from $1.6M to $1.4M, down about 9.5%. On a per square foot basis, the median runs $806.
Homes here typically go under contract in about 24 days. Irvine, CA covers eight ZIP codes, among them 92618, 92620, and 92602.
Irvine Rental Market
The median asking rent in Irvine, CA is $5,200. Current inventory stands at 409 active rental listings. February to July saw the median rent go from $4,600 to $4,950, up about 7.6%.
Irvine Market Pulse
Topfind Market Read
The picture is mixed here. Selling times have improved 31% versus six months ago, yet 45% of sellers have trimmed their asking price, and supply sits at 5.7 months, roughly in step with demand, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$1.63M
↓ 0% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
5.7 months of supply
Balanced Supply798 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~48 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 31% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 46% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Irvine
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
44%
Homeowners
56%
Renters
Homeownership is 11.5 points lower than the California average (55.5%)
111,979 households (2023)
Affordability Snapshot
Typical home cost
$10,812/mo
Actual housing expense
Affordable budget (28%)
$3,025/mo
Based on median income
Median household income
$10,804/mo
Irvine
A typical home costs about 100% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$463K/year
Assumes housing costs ≤28% of income
View cost breakdown
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $851K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$1.7M)
Price Reductions
357 listings have reduced their price
45% of active listings
Average reduction: 5.5% (~$89K)
Browse Irvine Listings
Frequently Asked Questions about the Irvine, CA Housing Market
What is the median home price in Irvine, CA?
The median list price in Irvine is $1,625,000 as of August 2026, based on 798 active listings.
Is Irvine a buyer's market or a seller's market?
Irvine currently reads as a balanced market. Active inventory works out to about 5.7 months of supply at the recent sales pace.
How fast do homes sell in Irvine?
Homes that closed in the last 90 days typically went under contract in about 24 days. The average home currently for sale has been on the market for 48 days.
Are home prices in Irvine going up or down?
The median sale price in Irvine is roughly flat compared with a year ago.
How many homes are for sale in Irvine, CA?
There are 798 homes for sale in Irvine right now, including 55 listed within the last week.
What is the median rent in Irvine?
The median asking rent in Irvine is $5,200 per month, across 409 active rental listings.