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Featured local agent — Irvine, CA
Sarah Mitchell
Compass Real Estate · Irvine, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Irvine, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.54Mmedian sale price
How is the Irvine, CA housing market right now?
The median home sale price in Irvine, CA is $1.54M, down 1.8% year-over-year. Homes sell in an average of 48 days with 744 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Irvine a buyer's or seller's market?
Irvine, CA is currently a balanced market, based on 4.6 months of supply and homes selling in about 48 days. How we determine this →
Homes sold
161
Last 12 weeks
Days on market
48
Average pace
Active listings
744
4.6 months supply
Sale-to-list
98.1%
Below asking
What does the Irvine housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.54M |
| Median list price | $1.56M |
| Year-over-year price change | -1.8% |
| Average days on market | 48 days |
| Active inventory | 744 listings |
| Months of supply | 4.6 months |
| Sale-to-list price ratio | 98.1% |
| Median price per sq ft | $801/sq ft |
| Homes sold (latest month) | 161 |
| New listings (latest month) | 254 |
| Listings with a price cut | 29.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Irvine by property type?
How the Irvine, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.95M | $858/sq ft | 69 | 45 days |
| Condo / Co-op | $1.30M | $742/sq ft | 81 | 50 days |
| Townhouse | $1.28M | $744/sq ft | 11 | 42 days |
Source: Redfin · Updated monthly
The Irvine housing market is currently classified as a balanced market with a median sale price of $1.54M. Prices have fallen 1.8% compared to last year, with homes spending an average of 48 days on market, indicating 4.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 11.9x provides context for how home values compare to local earning capacity.
Homes for sale in Irvine
There are currently 744 homes listed for sale in Irvine, California. The median listing price is $1.6M.
Active listings
744
Homes on market
Median list price
$1.6M
Avg. days on market
48
Days until sale
New this week
254
Newly listed
Who lives in Irvine?
Population
308,160
Median income
$129,647/yr
Median age
33.9 years
Owner-occupied
43.8%
College grads
70.6%
Avg commute
24.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Irvine?
Zillow home value
$1.54M
Zillow rent index
$3,390/mo
Price-to-rent ratio
37.8x
Price-to-income
11.9x
Source: Zillow Research
What is it like to live in Irvine?
Irvine is a community of approximately 308K residents with a median age of 33.9 years.The median household income is $129,647, which reflects a relatively affluent area with strong earning potential. 70.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 43.8%, showing a blend of owner and renter-occupied properties. The average commute time is 24.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Irvine offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Irvine?
7 schools tracked · 7,404 students
The largest public schools serving Irvine, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Arnold O. Beckman High
Grades 9-12 · 2,713 students
Orchard Hills
Grades K-8 · 1,371 students
Excel Academy Charter
Grades K-12 · 967 students
Hicks Canyon Elementary
Grades K-5 · 859 students
Excel Academy Charter
Grades K-12 · 602 students
Myford Elementary
Grades K-5 · 520 students
Irvine International Academy
Grades K-8 · 372 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Irvine, CA?
Want a head-to-head view? Compare Irvine side-by-side with any other U.S. city using our market-comparison tool.
Is Irvine a good real estate investment market?
For investors evaluating Irvine, the price-to-rent ratio of 37.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Irvine's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Irvine's median home price.
Frequently asked questions
What is the average home price in Irvine?
The median home sale price in Irvine is $1.54M, down 1.8% from last year.
How long do homes stay on market in Irvine?
Homes typically spend 48 days on market before going under contract.
What is the median income in Irvine?
The median household income is $129,647 per year.
Is Irvine a buyer's or seller's market?
With 4.6 months of supply, Irvine is currently a balanced market.
What is the Zillow home value estimate for Irvine?
The Zillow Home Value Index (ZHVI) for Irvine is $1.54M, representing the typical home value in the area.
What is the median condo price in Irvine?
The median condo/co-op sale price in Irvine, CA is $1.30M, compared to $1.95M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Irvine?
The median single-family home price in Irvine, CA is $1.95M (about $858 per square foot).
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