Is Irvine, CA 92602 a buyer’s or seller’s market?

The Irvine housing market right now

In the three months ending August 31, 2026, 15% of homes in Irvine, CA 92602 sold above their list price, the typical home went under contract in 54 days and there were 4.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 67 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold faster (60 days then) and the median sale price fell 13% to $2,179,057. Overall, Irvine is more competitive than a year ago, so tougher for buyers.

Within Orange County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in 87%. On our competition score, Irvine ranks #980 of 1,069 CA ZIP codes with enough sales (score 28 out of 100).

Nearby, buyers who want less competition could look at Silverado 92676 (0% sold over asking) or Irvine 92612 (4% sold over asking), while Surfside 90743 (100% sold over asking) and Brea 92823 (71% sold over asking) are even more competitive.