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Cowan Heights Lemon Heights Lower Pete's Canyon Northpark Orchard Hills

IRVINE, CA 92602

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 92602

Cowan Heights · Lemon Heights · Lower Pete's Canyon · Northpark · Orchard Hills

Market Analysis

Data as of February 2026. Source: Realtor.com.

The IRVINE, CA real estate market (92602) currently shows 73 active listings, with 21 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 41 days on market compared to 39 days last year.

The median listing price has fallen 19.3% year-over-year, from $3,623,700 to $2,923,750.

Whether you are buying or selling in IRVINE, CA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 26,663  ·  Density: 681.4/mi²  ·  Median household income: $137,037

Typical home value: $1,132,120  ·  Homeownership: 43.2%

Market Overview

Active Listings
73
⇧ 35.2% vs 54 last year
Pending
21
29% pending ratio
Median Price
$2,923,750
⇩ 19.3% vs $3,623,700 last year
Average Price
$3,437,798
⇩ 2.1% vs $3,511,790 last year
Days on Market
41
⇧ 5.1% vs 39 days last year

Price Per Square Foot

Median $/sqft
$1,015
⇩ 7.1% vs $1,092/sqft last year
Median Home Size
2,906 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 73 this year vs 54 last year
  • Days on market: 41 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $2,923,750 (-19.3% YoY)
  • Average: $3,437,798 (-2.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.2 miles — 448 listings ($839,097,602 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
92602Irvine, CA 926020.0 mi67$229,806,918$2,850,000$3,429,954
92782Tustin, CA 927824.0 mi41$79,542,747$1,650,000$1,940,067
92604Irvine, CA 926044.4 mi28$35,584,612$1,139,000$1,270,879
92606Irvine, CA 926065.2 mi17$24,160,043$1,572,000$1,421,179
92780Tustin, CA 927805.3 mi51$57,477,663$937,500$1,127,013
92676Silverado, CA 926765.7 mi8$25,410,744$3,437,000$3,176,343
92614Irvine, CA 926146.8 mi34$40,547,380$1,100,000$1,192,570
92867Orange, CA 928677.2 mi45$69,725,610$1,350,000$1,549,458
92603Irvine, CA 926037.7 mi27$105,097,230$2,943,500$3,892,490
92861Villa Park, CA 928617.9 mi12$36,880,164$3,243,500$3,073,347
92707Santa Ana, CA 927078.2 mi39$28,155,270$799,000$721,930
92808Anaheim, CA 928089.0 mi27$35,522,469$799,394$1,315,647
92807Anaheim, CA 928079.2 mi52$71,186,752$1,269,000$1,368,976

Frequently Asked Questions

How many homes are for sale in IRVINE, CA 92602?

As of February 2026, there are 73 active listings in IRVINE, CA (zip code 92602), compared to 54 the prior year.

What is the median home price in IRVINE, CA 92602?

The median listing price in IRVINE, CA 92602 is $2,923,750 as of February 2026, a 19.3% decrease from $3,623,700 the prior year.

How long do homes stay on the market in IRVINE, CA?

Homes in IRVINE, CA 92602 spend an average of 41 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in IRVINE, CA 92602?

Based on current inventory and days-on-market data as of February 2026, IRVINE, CA 92602 is currently a Buyer's Market. Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 41 days on market compared to 39 days last year.

How much can I save on real estate commission in IRVINE, CA?

With SELL123.com's maximum 3% commission, sellers in IRVINE, CA 92602 save an estimated $58,475 compared to a typical 5% commission on the median listing price of $2,923,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.