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August 2024 Market Update for Irvine

In April 2024, Irvine, CA remains a seller's market, characterized by high demand and limited housing supply. Homes in Irvine typically sell within 17 days of listing, reflecting a trend of decreasing median days on the market compared to the previous month and year.

The median sale price of homes in Irvine reached over $1.5 million last month, marking a significant 16% increase compared to the previous year. Additionally, the median sale price per square foot in Irvine is $858, demonstrating a substantial 24.3% increase from last year's figures.