The Aaronson Group's Market Report

Irvine, CA

Single-Family Homes

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Irvine, CA

Thu Dec 01 2022
This week the median list price for Irvine, CA is $2,095,000 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has decreased to 149. 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.

Slight Seller's Advantage

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

Thu Dec 01 2022
This week the median list price for Irvine, CA is $2,095,000 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has decreased to 149. 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.

Slight Seller's Advantage

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 $2,095,000
Median Price of New Listings $1,661,413
Per Square Foot $735
Average Days on Market 82
Median Days on Market 56
Price Decreased 43%
Price Increased 7%
Relisted 12%
Inventory 149
Median Rent
Market Action 42
Slight Seller's Advantage

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
$4,188,000 4,710 6,500 - 8,000 sqft 5 6 11 2 4 77
$2,480,000 3,261 4,500 - 6,500 sqft 4 4 5 5 8 63
$1,849,991 2,541 0 - 4,500 sqft 4 3 25 3 5 49
$1,377,877 2,040 0 - 4,500 sqft 4 3 46 7 7 52