Irvine Housing Market Report – May 2026
Here's a look at how the Irvine, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 183
- Median Sale Price: $1,450,000
- Average Sale Price: $1,696,023
- Average Price Per Sq Ft: $789
- Average Days on Market: 64
- Sale-to-List Price Ratio: 98.1%
Month-Over-Month Trends
Compared to April, the median sale price in Irvine moved 2.6% up (from $1,413,000 to $1,450,000). The number of homes sold was 14.5% down compared to the prior month (214 vs. 183). Average days on market shifted 8.6% down (70 days to 64 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 3.3% down (from $1,499,995 to $1,450,000). Sales volume is 2.8% up year-over-year.
What This Means
Irvine's housing market is showing mixed signals heading into early summer. While the median price ticked up 2.6% month-over-month to $1.45 million, the year-over-year decline of 3.3% suggests we're still operating in a softer market than last spring. The good news is that homes are selling faster—days on market dropped to 64 days from 70, and the 98.1% sale-to-list ratio indicates buyers and sellers are finding reasonable common ground. This suggests pricing has become more realistic after the market's earlier corrections.
The monthly sales dip of 14.5% deserves context: prior data collection issues mean earlier months may have undercounted closings, so this decline isn't necessarily alarming on its own. More telling is the stubborn year-over-year inventory at 1,054 active listings with a median ask of $1.599 million. That's meaningful supply in a market where buyers are still cautious. The property mix remains balanced between condos and single-family homes, which keeps competition varied across price points.
For sellers, the tightening days on market is encouraging. For buyers, the expanded inventory provides genuine negotiating leverage. We're in a patient market—neither a frenzy nor a collapse.
Irvine Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92618 | 48 | $1,657,500 | $729 | 81 |
| 92620 | 41 | $1,540,000 | $776 | 60 |
| 92614 | 21 | $1,170,000 | $744 | 49 |
| 92612 | 20 | $1,100,000 | $746 | 66 |
| 92604 | 20 | $1,203,000 | $827 | 48 |
| 92602 | 15 | $2,000,000 | $858 | 58 |
| 92603 | 13 | $2,125,000 | $1,044 | 54 |
| 92606 | 4 | $1,285,000 | $932 | 50 |
| 92617 | 1 | $744,000 | $357 | N/A |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| CONDOS | 79 | $1,299,990 | $752 |
| SINGLE_FAMILY | 74 | $1,854,000 | $884 |
| CONDO | 15 | $1,170,000 | $677 |
| TOWNHOMES | 11 | $1,265,000 | $756 |
| MOBILE | 4 | $506,500 | $292 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $300K - $399K | 1 |
| $400K - $499K | 3 |
| $500K - $749K | 9 |
| $750K+ | 169 |
Current Active Listings
As of this report, there are 1,054 active listings in Irvine with a median asking price of $1,599,000 and an average of 56 days on market.
Thinking About Selling Your Irvine Home?
If you're a homeowner in Irvine considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Irvine and throughout Orange County — get a no-obligation cash offer today.