Is Irvine Business Complex, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Irvine Business Complex has remained a Seller's Market.
Key Takeaway
Irvine Business Complex is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Irvine Business Complex, CA
How much do homes in Irvine Business Complex, CA cost?
Median Sold Price
$928,000
$672/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Irvine Business Complex have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Irvine Business Complex was $928,000 in April 2024, up 7.3% from last year, and the median price per square foot was $672.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $582.5K | $673K | +15.5% |
| 2 Bedrooms | $860K | $926K | +7.7% |
| 3 Bedrooms | $1.1M | $1.2M | +9.9% |
| 4 Bedrooms | $1.1M | $1.3M | +15.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Irvine Business Complex housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Westpark | $1.1M | $1.3M | +18.2% |
| Irvine Business Complex | $865K | $928K | +7.3% |
Housing Supply in Irvine Business Complex, CA
How many homes are available in Irvine Business Complex, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Summary: The Irvine Business Complex real estate market had 35 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 13 | +116.7% |
| 2 Bedrooms | 15 | 10 | -33.3% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Irvine Business Complex housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 116.7%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Irvine Business Complex, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Irvine Business Complex in April 2024, down by 23.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Irvine Business Complex, CA
How long does it take to sell a home in Irvine Business Complex, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 29 Days | +32.6% |
Summary: Homes in Irvine Business Complex had an average of 29 days on market in Apr 2024, up by 32.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Irvine Business Complex are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Irvine Business Complex; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.