February 2024 Real Estate Report

Homes For Sale
380 Total
Homes For Sale
Homes added
184 Homes
Added to the Market
Homes For Sale
155 Homes
Sold
Compared to Previous Month
13%
More Homes For Sale
home chart
18%
More Homes Sold
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Last month in February, housing in Irvine, CA ended with 184 homes being added to the market for sale, for a cumulative monthly total of 380 homes for sale - up 13% compared to January. Irvine, CA had a total of 155 homes sold for the month - up 18% from the month prior.

Attached led the way in homes sold with a total of 86 - up 24%, while detached totaled 69 in closed sales - up 10% from the month of January. The number of detached properties sold under 1500 square feet totaled 8 for the month of February, while homes from 1500 to 2000 square feet recorded 13 sales and homes sized from 2000 to 2500 square feet had 17 sales. While homes from 2500 to 3000 square feet square feet recorded 14 homes sold and homes from 3000 to 3500 square feet had 8 sales, while homes in the 3500 to 4000 square feet range totaled 4 homes sold. Homes from 4000 to 4500 square feet had 2 sales and homes from 4500 to 5000 square feet had 3 sales. The following ranges for detached homes all had no sales: over 5500.

The number of attached homes sold under 1500 square feet numbered 34, attached homes in the square feet range of 1500 to 2000 recorded 27 sales and attached properties from 2000 to 2500 square feet had a total of 19 homes sold. Attached properties from 2500 to 3000 square feet had a total of 6 homes sold. The following ranges for attached homes all had no sales: 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.


When are the most homes sold in Irvine, CA?
August:
206 Homes Sold
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The last 12 month period for the city of Irvine, CA shows that the greatest number of homes were sold during the months of May 2023, July 2023 and August 2023. The months of May 2023, July 2023 and August 2023 had 190 - 191 and 206 homes sold, respectively, as compared to an average of 156 for the other months of the year.

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When do homes sell the fastest in Irvine, CA?
September:
14 Days On Market
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The last 12 month period for the city of Irvine, CA shows that homes sold the fastest during the months of July 2023, August 2023 and September 2023. The months of July 2023, August 2023 and September 2023 had 14 - 14 and 14 days on market, respectively, as compared to an average of 20 for the other months of the year.


Average Price Of Homes Sold In Irvine, CA
By Size Category

Average Sold Price
Average Price Per Square Foot

Average Price Of Homes Sold In Irvine, CA
By Year

Average Sold Price
Average Price Per Square Foot
Number of homes sold in Irvine, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024127155 - - - - - - - - - - 282
20231001511711451901861912061651571831141959
20221791902652492262122111941861611171202310
20212312473033873503493403682952722212063569
20201722012311221101872532883033172633102757
20191191391952142742422442261971972112312489
20181361512382182862462352341822401921522510
20171471682142312512612432732272042182052642
Average Days On Market (DOM) In Irvine, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
20241817 - - - - - - - - - - 18
202344243424161614141417182322
202213777111314172227273517
202132302822171313141211101018
202051333431463839342727353436
201944544643374338453734455243
201838312319182325353236354930
201745392425222931373435353733
Average Days From List To Close Of Escrow In Irvine, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
20246562 - - - - - - - - - - 64
202399758767606255535764658569
202263555854545359597175687862
202185788171665859576055605465
20201048689841028981887979908788
20199696918689968693871009410593
2018867366606467737675808410075
20171031027568708275757780848581
Number of homes added to the market in Irvine, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024168184 - - - - - - - - - - 352
2023151146205189220241238210202165125932185
2022228256275256236257209185144142115982401
20212862773553073463663142622272001611323233
20202032622021632402513342913172292171842893
2019217206258239274201251210190204136972483
2018236218258304275261226224200211134912638
2017228194282256271251248225206172137912561