Irvine Housing Market Report – March 2026
Here's a look at how the Irvine, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 196
- Median Sale Price: $1,458,000
- Average Sale Price: $1,613,094
- Average Price Per Sq Ft: $820
- Average Days on Market: 76
- Sale-to-List Price Ratio: 98.7%
Month-Over-Month Trends
Compared to February, the median sale price in Irvine moved 1.5% down (from $1,480,000 to $1,458,000). The number of homes sold was 54.3% up compared to the prior month (127 vs. 196). Average days on market shifted 2.6% down (78 days to 76 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 7.6% down (from $1,577,495 to $1,458,000). Sales volume is 0.0% down year-over-year.
What This Means
Irvine's real estate market is showing some interesting mixed signals this March. While median prices dipped 1.5% from last month and are down 7.6% year-over-year, sales volume surged dramatically—nearly 54% month-over-month. This suggests buyers are returning to the market, likely motivated by spring seasonality and possible shifts in interest rate expectations. The fact that homes are selling at 98.7% of list price indicates the market still has backbone; sellers aren't getting desperate, and inventory isn't piling up uncontrollably.
What's particularly telling is that active listings are climbing—739 homes are now available, up from the lower supply we've seen recently. This inventory increase, combined with rising list prices (median asking is $1,685,000), suggests some sellers are testing the market with optimism. However, the year-over-year price decline shouldn't be ignored. We're in a modestly softer market than last March, though not in free fall. Days on market have tightened to 76 days, which is still reasonable but not blazingly fast.
For buyers, this represents a window of opportunity—more selection than winter months, stable pricing, and homes moving briskly enough to avoid staleness. Sellers should price competitively and prepare for a slightly longer sales timeline than in hot markets past.
Irvine Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92618 | 64 | $1,637,500 | $755 | 92 |
| 92620 | 33 | $1,580,000 | $806 | 56 |
| 92612 | 31 | $1,230,000 | $797 | 103 |
| 92603 | 17 | $1,990,000 | $1,006 | 43 |
| 92604 | 16 | $1,215,000 | $840 | 58 |
| 92614 | 13 | $1,030,000 | $796 | 62 |
| 92606 | 11 | $955,000 | $871 | 51 |
| 92602 | 11 | $2,650,000 | $960 | 79 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| CONDOS | 98 | $1,299,895 | $785 |
| SINGLE_FAMILY | 71 | $1,900,000 | $906 |
| TOWNHOMES | 16 | $1,240,000 | $784 |
| CONDO | 9 | $875,000 | $732 |
| MOBILE | 2 | $459,000 | $268 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 1 |
| $400K - $499K | 1 |
| $500K - $749K | 13 |
| $750K+ | 181 |
Current Active Listings
As of this report, there are 739 active listings in Irvine with a median asking price of $1,685,000 and an average of 52 days on market.
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