Irvine Real Estate Market Trends
Market Overview for Quarter 3, 2022
Median Sale Price
23% YoY
Median Price/Sqft
19% YoY
No. of Transactions
-46% YoY
County Median Sale Price
8% YoY
In Q3, the median home sale price in Irvine was $1.2M, an increase of 23% year-over-year. By contrast, sales activity trended down with 495 deals closed, representing a decline of -46% compared to the same period last year. The median price per square foot in Q3 was $691, a change of 19% year-over-year, while the median sale price in Orange County was $975K.
Top Cities in Orange County
| Ranking | City | Median Sale Price |
|---|---|---|
| 1 | Laguna Beach | $3,305,000 |
| 2 | Newport Beach | $2,825,000 |
| 3 | Dana Point | $1,662,000 |
| 4 | San Clemente | $1,449,000 |
| 5 | Trabuco Canyon | $1,350,000 |
| 6 | Los Alamitos | $1,292,500 |
| 7 | Ladera Ranch | $1,290,000 |
| 8 | San Juan Capistrano | $1,280,000 |
| 9 | Seal Beach | $1,280,000 |
| 10 | Irvine | $1,232,000 |
| 11 | Laguna Hills | $1,217,500 |
| 12 | Foothill Ranch | $1,155,000 |
| 13 | Yorba Linda | $1,152,500 |
| 14 | Costa Mesa | $1,150,000 |
| 15 | Laguna Niguel | $1,135,000 |
| 16 | Huntington Beach | $1,100,000 |
| 17 | Fountain Valley | $1,100,000 |
| 18 | Lake Forest | $978,000 |
| 19 | Mission Viejo | $961,500 |
| 20 | Tustin | $926,500 |
| 21 | Orange | $900,000 |
| 22 | Brea | $900,000 |
| 23 | Westminster | $890,000 |
| 24 | Fullerton | $858,000 |
| 25 | Cypress | $855,000 |
| 26 | Aliso Viejo | $836,000 |
| 27 | Placentia | $830,000 |
| 28 | Buena Park | $815,000 |
| 29 | Garden Grove | $801,000 |
| 30 | Anaheim | $780,000 |
| 31 | Rancho Santa Margarita | $778,000 |
| 32 | LA Habra | $755,000 |
| 33 | Santa Ana | $750,000 |
| 34 | Stanton | $662,500 |
| 35 | Laguna Woods | $430,000 |
Residential Property Types Sold in Irvine
| Property Type | Median Sale Price | Y-o-Y Change | Median Sale Price/Sq. Ft | Y-o-Y Change | Transactions |
|---|---|---|---|---|---|
| Condo | - | - | - | - | 0 |
| House | $1.2M | 23% | $691 | 19% | 495 |
The Q3 median sale price for Irvine houses was $1.2M, increasing 23% year-over-year. While the median for houses was trending up, condo prices in Irvine remained flat year-over-year at -.
See also
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