Your Real Estate Market Update

Irvine, CA

Single-Family Homes

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Irvine, CA

Wed Oct 04 2023
This week the median list price for Irvine, CA is $2,589,500 with the market action index hovering around 63. This is an increase over last month's market action index of 62. Inventory has decreased to 84. Click here to stay informed with the Irvine market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Irvine, CA

Wed Oct 04 2023
This week the median list price for Irvine, CA is $2,589,500 with the market action index hovering around 63. This is an increase over last month's market action index of 62. Inventory has decreased to 84. Click here to stay informed with the Irvine market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Irvine market.
Median List Price $2,589,500
Median Price of New Listings $2,344,000
Per Square Foot $835
Average Days on Market 59
Median Days on Market 35
Price Decreased 21%
Price Increased 10%
Relisted 11%
Inventory 84
Median Rent
Market Action 63
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$5,500,000 6,354 8,000 - 10,000 sqft 5 6 9 3 4 63
$2,999,980 3,461 4,500 - 6,500 sqft 4 5 9 4 5 28
$2,388,000 2,864 4,500 - 6,500 sqft 4 4 43 3 4 21
$1,590,000 2,113 0 - 4,500 sqft 4 3 35 6 6 28