7 hours on Rocket
$10,000 Closing Credit¹
#OC25125479, Nancy Aynehchi, Listing office: First Team Real Estate
Irvine-Lake Forest Housing Market Report May 2025•Orange County, California
Housing Prices in Irvine-Lake Forest, CA
How much do homes in Irvine-Lake Forest, CA cost?
Housing Market Conditions
Is Irvine-Lake Forest, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Irvine-Lake Forest is a Neutral Market
Difference Since May 2024
At the same time last year, Irvine-Lake Forest was a Seller's Market.
Insight
Irvine-Lake Forest is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$1,470,118$790/SqFt
+$68,336
+4.9%
Based on all homes sold in the last 12 months
Insight
Homes in Irvine-Lake Forest have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Irvine-Lake Forest was $1,470,118 in May 2025, up 4.9% from last year, and the median price per square foot was $790.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Tustin | $1.0M | $1.2M | +14.7% |
| Irvine | $1.4M | $1.5M | +7.8% |
| Mission Viejo | $1.0M | $1.1M | +5.8% |
| Irvine-Lake Forest | $1.4M | $1.4M | +4.9% |
| Lake Forest | $1.1M | $1.1M | 0.4% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $575K | $535K | -7.0% |
| 22 Bedrooms | $832.6K | $859.8K | +3.3% |
| 33 Bedrooms | $1.2M | $1.3M | +6.6% |
| 44 Bedrooms | $1.7M | $1.8M | +5.2% |
| 55+ Bedrooms | $2.3M | $2.5M | +9.2% |
Summary: Irvine-Lake Forest housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -7.0%. The home price for 2 bedroom homes increased by +3.3%. The home price for 3 bedroom homes increased by +6.6%. The home price for 4 bedroom homes increased by +5.2%. The home price for 5 bedroom homes increased by +9.2%.
How does Irvine-Lake Forest, CA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Irvine-Lake Forest, CA
Housing supply in Irvine-Lake Forest, CA
How many homes are available in Irvine-Lake Forest, CA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 958Last MonthMay 2025 | ||
| 8442 months agoApr 2025 | +13.5 % Change MoMApr – May |
Summary: The Irvine-Lake Forest real estate market had 958 homes for sale in May 2025, a 13.5 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 159Last MonthMay 2025 | ||
| 1902 months agoApr 2025 | -16.3 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 27 | 31 | +14.8% |
| 22 Bedrooms | 136 | 139 | +2.2% |
| 33 Bedrooms | 238 | 271 | +13.9% |
| 44 Bedrooms | 313 | 374 | +19.5% |
| 55+ Bedrooms | 130 | 143 | +10.0% |
Summary: Irvine-Lake Forest housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +14.8%. The inventory for 2 bedroom homes increased by +2.2%. The inventory for 3 bedroom homes increased by +13.9%. The inventory for 4 bedroom homes increased by +19.5%. The inventory for 5 bedroom homes increased by +10.0%.
Asking Price vs. Sold Price
How much do homes in Irvine-Lake Forest, CA cost?
Over Asking Price51 Homes
At Asking Price26 Homes
Under Asking Price82 Homes
Insight
If you're buying a home in Irvine-Lake Forest, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.
Summary: A total of 159 homes were sold or pending in Irvine-Lake Forest in May 2025, down by 16.3% month-over-month. Of the 159 sold homes, 52% were sold under asking, 16% were sold at asking, and and 32% were sold over asking.
Days on Market for Irvine-Lake Forest, CA
How long does it take to sell a home in Irvine-Lake Forest, CA?
Breakdown of Home Sale Times
Under 30 Days111 Homes
30 – 90 Days44 Homes
Over 90 Days4 Homes
Insight
Many homes in Irvine-Lake Forest are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 159 homes were sold in Irvine-Lake Forest; 70% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 26 DaysThis YearMay 2025 | ||
| 16 Days1 year agoMay 2024 | +56.7 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Irvine-Lake Forest had an average listing age of 26 days in May 2025, up by 56.7% compared to the previous year.
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Newest Listings in Irvine-Lake Forest, CA
What homes are available in Irvine-Lake Forest, CA?
21 hours on Rocket
$10,000 Closing Credit¹
#OC25126473, Cassey Ta, Listing office: JC Pacific Corp
21 hours on Rocket
$10,000 Closing Credit¹
#OC25119519, Gia Wang, Listing office: Pinnacle Real Estate Group
1 day on Rocket
#TR25127992, Bryan Pai, Listing office: Summit Mortgage & Realty
1 day on Rocket
$7,719 Closing Credit¹
#PW25127873, Monica Villasenor, Listing office: Monica B. Villasenor, Broker
1 day on Rocket
$10,000 Closing Credit¹
#OC25127807, Wei Xia, Listing office: EpicPoint Properties
1 day on Rocket
$10,000 Closing Credit¹
#OC25126439, Jason Salata, Listing office: Trust Properties USA
1 day on RocketTour
$10,000 Closing Credit¹
#OC25122889, Tina Tan, Listing office: Christie's International
1 day on RocketTour
$10,000 Closing Credit¹
#OC25118277, Tina Tan, Listing office: Christie's International
1 day on Rocket
$10,000 Closing Credit¹
#OC25125850, Junlin Lu, Listing office: JC Pacific Corp
1 day on Rocket
$10,000 Closing Credit¹
#OC25125673, Sanjay Antony Boniface, Listing office: Zutila, Inc
1 day on Rocket
$9,441 Closing Credit¹
#OC25111929, Shih-Chi Chiang, Listing office: Shih-Chi Chiang, Broker
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, for the period 06/01/2023 - 06/01/2025
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. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/9/2025, 5:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.