Irvine Housing Market Report – July 2026
Here's a look at how the Irvine, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 224
- Median Sale Price: $1,315,000
- Average Sale Price: $1,629,173
- Average Price Per Sq Ft: $804
- Average Days on Market: 80
- Sale-to-List Price Ratio: 97.3%
Month-Over-Month Trends
Compared to June, the median sale price in Irvine moved 14.6% down (from $1,540,000 to $1,315,000). The number of homes sold was 2.8% up compared to the prior month (218 vs. 224). Average days on market shifted 23.1% up (65 days to 80 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 11.3% down (from $1,482,495 to $1,315,000). Sales volume is 30.2% up year-over-year.
What This Means
Irvine's housing market is showing mixed signals as summer inventory builds and buyer urgency softens. The median sale price dropped 14.6% month-over-month to $1.315 million, continuing a gradual downward trajectory from last year. While homes are still selling near asking price (97.3% ratio), the real story is time—homes are now lingering an average of 80 days on the market, up significantly from 65 days just last month. This suggests sellers are adjusting expectations and buyers have regained negotiating power as inventory climbs to over 1,200 active listings.
The uptick in sales volume is worth noting but likely reflects data collection improvements rather than genuine market momentum. What matters more is the behavioral shift: longer selling timelines and moderating prices indicate the competitive seller's market of recent years has cooled considerably. With active listings asking for $1.59 million medians while closed sales hit $1.315 million, there's still a disconnect between expectations and reality.
For buyers, this is a welcome reprieve. The combination of more choices, slower pace, and price softening creates genuine negotiating room. For sellers, the message is clear: pricing strategically from day one matters more than ever in this environment.
Irvine Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92618 | 60 | $1,390,000 | $723 | 80 |
| 92620 | 50 | $1,473,000 | $808 | 61 |
| 92612 | 27 | $878,818 | $762 | 107 |
| 92614 | 22 | $1,049,900 | $807 | 66 |
| 92604 | 20 | $1,275,000 | $819 | 76 |
| 92602 | 19 | $2,000,000 | $832 | 104 |
| 92603 | 19 | $2,300,000 | $1,107 | 89 |
| 92606 | 5 | $1,260,000 | $802 | 69 |
| 92617 | 2 | $525,250 | $332 | N/A |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| CONDOS | 93 | $1,160,000 | $764 |
| SINGLE_FAMILY | 85 | $2,000,000 | $907 |
| CONDO | 26 | $955,000 | $751 |
| TOWNHOMES | 16 | $1,052,500 | $709 |
| MOBILE | 4 | $410,000 | $264 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $300K - $399K | 2 |
| $400K - $499K | 7 |
| $500K - $749K | 19 |
| $750K+ | 196 |
Current Active Listings
As of this report, there are 1,261 active listings in Irvine with a median asking price of $1,590,000 and an average of 65 days on market.
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