Irvine Real Estate Market Report
Executive Summary
Carlos EscabaLocal expert · IrvineThe Irvine, CA real estate market is currently classified as a buyer's market. The MLS composite benchmark price is $1.7M, up 7.5% year-over-year.
There are currently 684 active listings, representing 114 months of inventory. According to Irvine Market Report (SDMLS computed), there were 23 sales and 368 new listings in April 2026. Inventory has increased 62.1% compared to last month.
Currently, listings spend an average of 59 days on market and the average price per square foot is $794.
Board Data vs Our Listings
| Metric | Irvine Market Report (SDMLS computed) | Our Listings |
|---|---|---|
| Benchmark / Median Price | $1.7M | $1.6M |
| Average Price | $1.7M | $2.0M |
| Active Listings | 684 | 684 |
| Detached Benchmark | $2.1M | $3.4M |
| Apartment Benchmark | $1.6M | $1.4M |
Detached properties make up the largest share of the Irvine market at 35% of active listings with an average price of $3.4M. Condo listings follow at 58% (avg $1.4M).
Sales Activity & Absorption
Volume
Market Signals
Irvine Market Report (SDMLS computed) reported 23 sales this period, 262 new listings appeared in the past month, 128 sellers reduced their asking price.
Market Balance
Months of Inventory
New listings outpace demand — buyers have more options.
With 114 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Neighborhoods
| Area | Listings | Avg Price | Sold (12 mo) |
|---|---|---|---|
| WATERMARKE | 10 | $679K | 11 |
| AVENUE ONE | 9 | $748K | 4 |
| MEADOWS TRAILER PARK | 8 | $250K | 9 |
| BRIO | 8 | $777K | 4 |
| TERRACE | 8 | $1.2M | 13 |
| GROVES TRAILER PARK | 8 | $587K | 16 |
| BELVEDERE | 6 | $925K | 4 |
| ALDERS | 5 | $824K | 4 |
| IRVINE SPRINGS | 5 | $606K | 3 |
| SHADY CANYON CUSTOM | 5 | $18.8M | 5 |
| VILLAGE II | 5 | $1.6M | 5 |
Sold figures computed from SDMLS records for the last 12 months, updated continuously from our MLS data feed.
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a buyer's market with more negotiating power for purchasers. The Irvine market currently has 684 active listings with a median price of $1.6M and 114 months of inventory.
According to Irvine Market Report (SDMLS computed), the composite benchmark price is $1.7M (+7.5% year-over-year). There were 23 sales recorded
- High inventory (114 months) favors buyers
- Prices declining (-22.8% in 30 days)
- High price reduction rate (19% of listings)
- High sell-through rate (86%)
- Slow-moving market (59 avg days on market)
- Average price per square foot is $794
- Sold properties averaged 33 days on market
Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily, with board statistics from Irvine Market Report (SDMLS computed). Prepared by Carlos Escaba with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of June 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.