Is Irvine, CA 92612 a buyer’s or seller’s market?

The Irvine housing market right now

In the three months ending August 31, 2026, 4% of homes in Irvine, CA 92612 sold above their list price, the typical home went under contract in 55 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 82 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 10%, homes sold about as fast and the median sale price fell 11% to $1,099,524. Overall, Irvine is less competitive than a year ago, which gives buyers more room.

Within Orange County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in 99%. On our competition score, Irvine ranks #1,009 of 1,069 CA ZIP codes with enough sales (score 22 out of 100).

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