Northwood, Irvine, CA Real Estate Market

With 247 active listings and a median of 36 days on market, sellers are operating in a warm environment where well-priced homes are attracting attention within about five weeks. A median asking price of $1,998,800 reflects strong positioning, so accurate pricing relative to comparable listings will be key to maintaining momentum.

Buyers in 92620 should expect a median asking price of $1,998,800 for single-family homes, with three-bedroom listings starting at $1,499,000 and four-bedroom homes listed at $2,050,000. With 247 active listings available and a competition score of 68, there is a reasonable selection to consider, though the market leans warm so acting thoughtfully and promptly on preferred properties is advisable.

The median rent in 92620 is $3,535 per month against a rental inventory of 699 units, with three-bedroom rentals asking $4,800 and four-bedroom units at $6,000 per month. Investors evaluating acquisition costs against these rent levels should factor in the $1,499,000 to $2,050,000 asking price range for comparable bedroom counts when modeling cash flow and returns.

The current 30-year fixed mortgage rate of 6.66% and 15-year rate of 5.98% meaningfully influence monthly payment calculations on listings priced near the $1,998,800 median. Buyers who can qualify for the 15-year option at 5.98% would see a notably lower interest cost over the life of the loan, though the higher monthly payment requires careful budget planning at these price levels.