4-week rolling average · Data through August 28, 2026 · ZIP 92618
The Orange County Great Park area of Irvine is showing a notable gap between the median list price of $1,598,800 and the median sale price of $2,549,000, suggesting that higher-end homes are driving closed transactions well above initial asking prices. With 549 active listings and a median of 46 days on market, the market sits at a warm competition score of 59, indicating steady but not frenzied buyer activity. At $828.12 per square foot, this remains one of the more premium-priced submarkets in Southern California.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $499K | $3K/mo |
| 2BR | $915K | $4K/mo |
| 3BR | $1.35M | $5K/mo |
| 4BR | $1.86M | $6K/mo |
| 5BR | $2.85M | $8K/mo |
| 6BR | $5.09M | $6K/mo |
| 7BR | $9.18M | — |
Sellers in the 92618 zip code are benefiting from strong closing prices, with the median sale price reaching $2,549,000 well above the median list price of $1,598,800. With 549 active listings providing some competition, pricing strategically and presenting your home well remains important to stand out in a 46-day median market.
Buyers should be prepared for sale prices that frequently exceed list prices, as the median sale price of $2,549,000 outpaces the median list price of $1,598,800 significantly. At a 30-year mortgage rate of 6.66%, careful budgeting and pre-approval are essential before entering this market, especially with per-square-foot costs averaging $828.12.
With a median rent of $3,625 and robust rental inventory of 1,241 units, the rental market in this Irvine submarket shows strong demand across all bedroom types, with 3-bedroom units commanding $5,000 per month. Investors should weigh the high acquisition costs, reflected in a median sale price of $2,549,000, against rental income potential to assess cap rate viability before committing.
The current 30-year fixed mortgage rate of 6.66% and 15-year rate of 5.98% meaningfully impact monthly carrying costs on a median-priced home of $2,549,000 in this market. Buyers who can qualify for the 15-year option at 5.98% may find long-term interest savings worthwhile, though the higher monthly payments require a strong income profile.
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Market intelligence by FarmPosts