$10,000 Closing Credit*
$1,050,000
1,456 SqFt
3 Beds
•2 Full Baths
Sidika Kilic, Listing Office: Zutila, Inc
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 November 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
$1,070,000
$689/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$250,000(+30.5%)
Key Takeaway
Homes in Irvine Business Complex have sold for 30.5% more than they did a year ago.
Summary: The median home sold price in Irvine Business Complex was $1,070,000 in November 2024, up 30.5% from last year, and the median price per square foot was $689.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $608.7K | $695K | +14.2% |
| 2 Bedrooms | $841.5K | $1.0M | +22.7% |
| 3 Bedrooms | $1.1M | $1.3M | +12.0% |
| 4 Bedrooms | $1.2M | $1.3M | +1.7% |
| 5+ Bedrooms | - | $2.0M | N/A |
Summary: Irvine Business Complex housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Irvine Business Complex | $820K | $1.0M | +30.5% |
| Westpark | $1.2M | $1.2M | +5.6% |
Housing Supply in Irvine Business Complex, CA
How many homes are available in Irvine Business Complex, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 49 | -5.8% |
Summary: The Irvine Business Complex real estate market had 49 homes for sale in November 2024, a 5.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 15 | +7.1% |
| 2 Bedrooms | 24 | 21 | -12.5% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Irvine Business Complex housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 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. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Irvine Business Complex in November 2024, up by 9.1% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 41 Days | +65.0% |
Summary: Homes in Irvine Business Complex had an average of 41 days on market in Nov 2024, up by 65% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were 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 November 2024, 12 homes were sold in Irvine Business Complex; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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.