92602 Housing Market
Median List Price
$2,899,950
Updated August 2026
Today, the 92602 ZIP code in Irvine, CA has 94 homes for sale at a median list price of $2,899,950, typically selling in about 44 days.
92602 Housing Market Overview
Homes in the 92602 ZIP code carry a median list price of $2.9M. Compared with Irvine overall, that is a 78.5% premium. The median price moved from $2.6M in February to $2M in July, a 23.2% decrease over six months. Right now 94 homes are on the market in the 92602 ZIP code. Five bedroom homes carry the highest medians at $6M, with one bedroom homes starting the range at $685,000.
92602 Area Market Pulse
Topfind Market Read
The picture is mixed here. Sales volume is up 61% versus six months ago, yet sale prices have eased 26% over the last six months and are 5% below a year ago, and 6.3 months of supply is more than current demand absorbs, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$2.90M
↓ 5% 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
6.3 months of supply
Ample Supply94 active listings, plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~44 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 27% faster than six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 49% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 92602 Area
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)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $1.3M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$3.0M)
Price Reductions
32 listings have reduced their price
34% of active listings
Average reduction: 5.5% (~$159K)
Browse 92602 Listings
Frequently Asked Questions about the 92602 Housing Market
What is the median home price in the 92602 ZIP code?
The median list price in the 92602 ZIP code is $2,899,950 as of August 2026, based on 94 active listings.
Is the 92602 ZIP code a buyer's market or a seller's market?
The 92602 ZIP code currently reads as a balanced market. Active inventory works out to about 6.3 months of supply at the recent sales pace.
How fast do homes sell in the 92602 ZIP code?
The average home currently for sale in the 92602 ZIP code has been on the market for 44 days.
Are home prices in the 92602 ZIP code going up or down?
The median sale price in the 92602 ZIP code is down about 4.9% compared with a year ago.
How many homes are for sale in the 92602 ZIP code?
There are 94 homes for sale in the 92602 ZIP code right now, including 10 listed within the last week.