Question 1

What is the median sold price in Irvine?

Accepted Answer

The median sold price in Irvine is $225,000 based on 12 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Irvine?

Accepted Answer

The average sold price in Irvine is $316,442. Note that the average ($316,442) is higher than the median ($225,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Irvine?

Accepted Answer

Home prices in Irvine range from $90,000 to $1,100,000 based on recent sales data. This $1,010,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Irvine selling above or below asking price?

Accepted Answer

On average, homes in Irvine are selling at 99.1% of their asking price. This means homes are selling very close to asking price with minimal negotiation room. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Irvine?

Accepted Answer

Homes in Irvine are selling in an average of 113 days. This indicates a slower market where buyers have significant leverage. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Irvine?

Accepted Answer

The average price per square foot in Irvine is $267. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $534,000.

Question 7

How active is the real estate market in Irvine?

Accepted Answer

The Irvine market has seen 12 home sales over the past 2 years, with 7 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

How much do detached homes cost in Irvine?

Accepted Answer

Detached homes in Irvine are selling for an average of $316,442, with 12 sales over the past 2 years.

Question 9

Are home prices rising or falling in Irvine?

Accepted Answer

Home prices in Irvine have decreased by 73.5% over the past 2 years. The average sold price moved from $354,950 to $93,900. This downward trend may present buying opportunities for purchasers.

Question 10

Is Irvine a buyer's or seller's market?

Accepted Answer

Based on current data, Irvine is a buyer's market. Homes are selling in 113 days on average and at 99.1% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 11

What percentage of homes sell above asking price in Irvine?

Accepted Answer

In Irvine, 33% of homes sold above asking price, while 50% sold below asking. This indicates a competitive market where bidding wars are common.

Question 12

What are the average property taxes in Irvine?

Accepted Answer

The average annual property tax in Irvine is $1,175, with a median of $933. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 13

What size homes are selling in Irvine?

Accepted Answer

Homes selling in Irvine range from 864 to 1,568 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 14

How much do home prices vary in Irvine?

Accepted Answer

Irvine shows high price diversity with a standard deviation of $263,159 around the average price of $316,442. This wide range indicates a diverse market with options at many price points.

Question 15

Where can I find recently sold homes in Irvine?

Accepted Answer

You can view a comprehensive list of houses sold in Irvine right here on our market history feed. We update our data daily to ensure you have access to the latest sold real estate listings and final closing prices.

Question 16

Why is seeing sold house prices important?

Accepted Answer

Sold house prices are the only true indicator of market value. Active listing prices are just "wishes," but recently sold homes reflect what buyers are actually willing to pay. Comparing active properties against homes that have recently sold helps you avoid overpaying.

Question 17

Can I see the final sold price on MLS® listings?

Accepted Answer

Yes. While public sites often remove the price once a deal closes, our MLS® listings sold page grants you access to the final sale numbers, days on market, and price history for recently sold homes in Irvine.

Recently Sold Homes in Irvine

Irvine Sold Data Overview

Recently Sold in Irvine

Understanding the Irvine Market

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

Irvine Neighbourhoods

Frequently Asked Questions

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