Published November 5, 2026 in Market Update

One part of Irvine is still moving fast even with rates above 7%

By Jason & Susan Zwolak

Real estate, Irvine

Rates are high right now. Realtor.com reported that 30-year mortgage rates averaged 7.33% in October 2026, and peaked at 7.40% in mid-October. That kind of borrowing cost slows a lot of markets. But in 92620, buyers kept showing up anyway.

92620 moved faster while rates climbed

The Real Estate Data Aggregator counted 98 homes sold in 92620 in the three months ending August 31, 2026. That is up 15.3% from the same months of 2025. Pending sales hit 115, up 23.7% year over year. Homes are not sitting, either. The median days on market dropped 11 days shorter than a year ago, down to 44 days.

The median sale price in 92620 did dip, down 7.4% to $1,615,000. So buyers are getting a little more room on price. But the volume and speed numbers say demand is real. Nearly 28% of homes went under contract within two weeks of listing, up 7.4 points from a year ago, according to the Real Estate Data Aggregator.

How 92620 compares with the rest of Irvine

Not every ZIP code in Irvine looks like this. The Real Estate Data Aggregator counted 32 homes sold in 92604 in the same period, down 27.3% from 2025. Median days on market there stretched to 57 days, 13 days longer than a year ago. Pending sales in 92614 fell 16%. The picture is different depending on where you are.

A few other ZIP codes worth watching

92606 had the shortest median days on market of any ZIP, at 43 days, per the Real Estate Data Aggregator. Homes there sold at exactly 100% of list price on average, and 36% sold above list. That is the highest above-list share in Irvine. Sales volume jumped 47.1% year over year.

92603 told a different story on price. The Real Estate Data Aggregator put the median sale price there at $2,750,000, up 27.9% from 2025. Homes sold climbed 50% and pending sales rose 65.7%. But days on market stretched 5 days longer than a year ago, to 56 days. More activity does not always mean faster.

What higher rates mean for Irvine right now

Realtor.com reported that active listings topped 1.18 million homes nationally in October 2026. Buyers have more choices than they did a year ago. That gives them a little more leverage in most markets. In Irvine, that shows up as lower prices in several ZIPs, even where volume is rising.

The Federal Housing Finance Agency reported U.S. house prices rose 2.4% from August 2025 to August 2026. That national number does not tell you what is happening on your street. In Irvine, some ZIPs are up, some are down, and the gap between them is wide.

One street can read very differently from the whole ZIP code. The numbers above cover a full ZIP, and your block may be moving faster or slower than that. If you want to know what is happening right where you live, send me your address and I will take a look.