Deepak Chauhan's - Real Estate Market Dynamic Reports

Irvine, CA

Single-Family Homes

Associate Broker deepak@HousesInSoCal.com 949 748-9834



Irvine, CA

Mon Jun 05 2023
This week the median list price for Irvine, CA is $2,398,000 with the market action index hovering around 65. This is an increase over last month's market action index of 64. Inventory has held steady at or around 73. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Irvine, CA

Mon Jun 05 2023
This week the median list price for Irvine, CA is $2,398,000 with the market action index hovering around 65. This is an increase over last month's market action index of 64. Inventory has held steady at or around 73. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Irvine market.
Median List Price $2,398,000
Median Price of New Listings $1,922,500
Per Square Foot $800
Average Days on Market 70
Median Days on Market 21
Price Decreased 16%
Price Increased 8%
Relisted 7%
Inventory 73
Median Rent
Market Action 65
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
$4,589,000 5,386 8,000 - 10,000 sqft 5 6 8 0 2 91
$2,625,000 3,218 4,500 - 6,500 sqft 4 5 17 5 3 7
$2,059,000 2,797 0 - 4,500 sqft 4 3.8 15 4 4 17
$1,475,000 1,941 0 - 4,500 sqft 3 3 47 7 6 21