Deepak Chauhan's - Real Estate Market Dynamic Reports

Irvine, CA

Single-Family Homes

Associate Broker deepak@HousesInSoCal.com 949 748-9834



Irvine, CA

Fri Jun 02 2023
This week the median list price for Irvine, CA is $2,395,000 with the market action index hovering around 67. This is an increase over last month's market action index of 65. Inventory has increased to 71. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Irvine, CA

Fri Jun 02 2023
This week the median list price for Irvine, CA is $2,395,000 with the market action index hovering around 67. This is an increase over last month's market action index of 65. Inventory has increased to 71. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Irvine market.
Median List Price $2,395,000
Median Price of New Listings $2,339,258
Per Square Foot $806
Average Days on Market 71
Median Days on Market 21
Price Decreased 20%
Price Increased 11%
Relisted 7%
Inventory 71
Median Rent
Market Action 67
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
$4,688,000 5,381 8,000 - 10,000 sqft 5 6 17 6 6 84
$2,819,444 3,474 4,500 - 6,500 sqft 4 5 9 5 6 21
$2,059,000 2,716 0 - 4,500 sqft 4 3.3 10 7 6 14
$1,574,400 2,040 0 - 4,500 sqft 3 3 48 6 7 14