Market Timing

Home Price Cuts in Irvine: How Many Homes Sold After a Price Drop in 2026

Updated November 14, 2026

By Vinura Abeysundara

Head of Growth at TurboHome

Reviewed by:

Vinura Abeysundara

Head of Growth at TurboHome

Kevin Kretzmer

Head Agent, California · CalDRE #01997822

In Irvine, 37.4% of the 1,050 homes that closed between May and October 2026 sold after at least one price cut. The median cut was 5.0% ($88,000) off the original asking price, and homes that were cut went on to sell for a median 91.7% of their first list price, against 98.4% for homes that were never reduced. For comparison, Realtor.com counted 17.5% of active Los Angeles-Long Beach-Anaheim listings with a price reduction in October 2026 (Irvine sits in the Los Angeles-Long Beach-Anaheim metro); that counts listings on the market in one month, while our figure counts homes that actually sold over six months.

TurboHome Market Analysis · 1,050 closings · May 1 to Oct 31, 2026 · Last updated November 14, 2026

This guide uses 1,050 single-family, condo and townhouse closings in our MLS feed from May 1 to October 31, 2026 to show how often Irvine sellers cut, by how much, where, and what a cut home finally sold for. Use it to judge how much room a reduced listing leaves you.

How many Irvine homes sold after a price cut

37.4% of Irvine closings from May through October 2026 sold after at least one price cut. Counting every closing, cut or not, 77.6% closed below the original asking price. Cut homes sat a median 62 days on the market, against 14 days for homes that were never reduced.

Irvine closings in our MLS feed, May 1 to October 31, 2026. A price cut means the final list price was below the original list price., data table
Measure	Irvine, May to Oct 2026
Closings	1,050
Sold after at least one price cut	37.4%
Median cut, cut homes	5.0% ($88,000)
Closed below the original asking price, all closings	77.6%
Median days on market, cut homes	62
Median days on market, never cut	14
Median sale price, all closings	$1,480,000
Sale to original list price, all closings	96.2%

Irvine had the highest share of cut sales of the six California cities in this series, and 77.6% of all closings came in below the original asking price, also the highest in California.

What a price cut tells a buyer in Irvine

Irvine homes that were cut then closed at a median 97.2% of the reduced price, so the discount stacked: the typical cut home sold at 91.7% of its original asking price, a median $120,000 below the first list price. Homes that were never reduced sold at a median 98.4% of their asking price.

Share of cut homes. Every figure is in the table below.

20.9% of cut homes were reduced by less than 3%, 29.5% by 3 to 5%, 32.3% by 5 to 10% and 17.3% by 10% or more. Cuts here were moderate: 29.5% of cut homes were reduced by 3 to 5% and 32.3% by 5 to 10%.

Price cuts by neighborhood in Irvine

Only 16 Irvine neighborhoods had at least 20 closings from May through October 2026, so the table shows those 16, sorted by closings.

Share with a cut. Every figure is in the table below.

Irvine neighborhoods with at least 20 closings, May 1 to October 31, 2026. A dash means no home in the neighborhood was cut. Median cut is for cut homes only; days on market is for all homes. Neighborhood figures rest on few closings., data table
Neighborhood	Closings	Share with a cut	Median cut	Sale to original list	Median price	Median days on market
Great Park Neighborhoods	147	36.7%	4.8%	96.8%	$1,425,000	27
Portola Springs	95	47.4%	6.6%	94.3%	$1,680,000	47
Northwood	85	31.8%	4.3%	96.7%	$1,400,000	17
Irvine Business Complex	84	48.8%	4.8%	94.8%	$875,250	44
Woodbridge	81	30.9%	4.8%	98.6%	$1,128,000	18
Orchard Hills	67	38.8%	4.1%	95.4%	$3,080,000	32
Turtle Rock	51	35.3%	5.1%	95.7%	$2,300,000	28
Westpark	42	42.9%	3.7%	95.7%	$1,240,000	36
Oak Creek	40	40.0%	5.9%	97.4%	$995,000	37
El Camino Real	40	40.0%	6.6%	95.7%	$1,335,000	21
Woodbury	34	29.4%	4.1%	96.3%	$1,360,000	19
University Park	32	37.5%	5.4%	95.2%	$1,375,000	20
Cypress Village	29	34.5%	5.4%	96.0%	$1,450,000	22
Stonegate	25	40.0%	4.2%	96.4%	$2,280,000	33
Turtle Ridge	20	40.0%	5.2%	95.8%	$2,056,500	26
Eastwood Village	20	35.0%	3.3%	97.3%	$1,925,000	18

Cuts were most common in the Irvine Business Complex (48.8%) and Portola Springs (47.4%), where homes took a median 44 and 47 days to sell. Orchard Hills, with a median price of $3,080,000, had cuts on 38.8% of sales.

They were least common in Woodbury (29.4%) and Woodbridge (30.9%), and even there nearly a third of sales were cut.

Price cuts by price range in Irvine

Irvine closings by sale price, May 1 to October 31, 2026. Ranges with fewer than 12 closings are left out. A dash means no home in the range was cut., data table
Price range	Closings	Share with a cut	Median cut	Median cut ($)	Sale to original list	Median days on market
$500K to $750K	60	55.0%	4.6%	$30,000	95.8%	42
$750K to $1M	120	45.8%	5.0%	$49,999	96.6%	28
$1M to $1.5M	346	36.4%	5.9%	$82,500	96.3%	26
$1.5M to $2M	243	35.8%	4.6%	$91,000	97.0%	21
$2M to $3M	174	32.8%	4.5%	$110,000	95.8%	22
$3M and up	98	29.6%	4.8%	$199,000	95.5%	38

55.0% of homes from $500K to $750K sold after a cut, and even at $3M and up the share was 29.6%.

Price cuts by home type in Irvine

Irvine closings by home type, May 1 to October 31, 2026. Types with fewer than 12 closings are left out., data table
Home type	Closings	Share with a cut	Median cut	Median cut ($)	Sale to original list	Median days on market
Condo	525	40.4%	4.9%	$59,500	96.3%	29
Single-family home	461	32.5%	5.2%	$115,000	96.0%	23
Townhouse	64	48.4%	4.5%	$50,000	95.6%	33

48.4% of townhouses sold after a cut, against 40.4% of condos and 32.5% of single-family homes.

How 2026 compares with 2025 in Irvine

Irvine closings in our MLS feed, same months of each year, same filters., data table
Measure	May to Oct 2026	May to Oct 2025
Closings	1,050	1,039
Sold after at least one price cut	37.4%	39.5%
Median cut, cut homes	5.0% ($88,000)	5.3% ($91,500)
Sale to original list, cut homes	91.7%	91.8%
Closed below the original asking price, all closings	77.6%	78.3%

Cuts eased slightly: 37.4% of closings sold after a cut, against 39.5% in the same months of 2025, and 77.6% closed below the original asking price, against 78.3%. Cut homes took longer to sell, a median 62 days against 57.

How our numbers compare with Realtor.com and Redfin

Realtor.com counted 17.5% of active Los Angeles-Long Beach-Anaheim listings with a price reduction in October 2026, up 1.9 points from a year earlier. Irvine sits in the Los Angeles-Long Beach-Anaheim metro. Nationally, Realtor.com's October 2026 price-reduced share was 20.5% (preliminary; the highest October share since 2022), and Redfin found 21.2% of U.S. listings had a price drop in the four weeks ending November 1, 2026, against 20.6% a year earlier. Our Irvine figure is 37.4%.

Portal figures count homes for sale that had a cut during one period, across a whole metro. Our figure counts homes in the city that actually sold after at least one cut over six months, and then shows what they sold for against their original asking price. A listing that was cut and has not sold, or was taken off the market, counts in the portal figures but not in ours.

Sources: Realtor.com, October 2026 Housing Report, published November 4, 2026, checked November 14, 2026. Redfin, Housing Market Update, November 5, 2026, checked November 14, 2026.

How to use a price cut when you make an offer in Irvine

In Irvine, most homes sell below the original asking price, cut or not, so expect to negotiate on most listings: even homes that were never cut sold at a median 98.4% of asking.

In Portola Springs and the Great Park Neighborhoods, 47.4% and 36.7% of sales were cut and homes took a median 47 and 27 days to sell. Citywide, cut homes closed at a median 97.2% of the reduced price and 91.7% of the original, a median $120,000 below the first list price.

Of 247 TurboHome California buyers who closed between November 2025 and October 2026, 61 (24.7%) bought a home that had already been cut; those homes closed at a median 94.3% of the original asking price, a median $44,888 below the first list price, and 45.9% negotiated further below the reduced price.

Before a TurboHome buyer writes an offer, their agent runs a comparable-based valuation of the home and an AI offer-acceptance prediction, so the offer price rests on recent sales of similar homes rather than on the asking price or the size of a cut. See also how much over asking Irvine buyers pay.

Methodology

Source: TurboHome's MLS closings data (our MLS feed), closings from May 1 to October 31, 2026, compared with May 1 to October 31, 2025.

Filters: single-family homes, condos and townhouses; a close price of $50,000 or more; original and final list price both recorded; and a final list price between 40% to 150% of the original list price, which removes relists and data errors.

Definitions: a price cut means the final list price at sale was below the original list price. The median cut is measured only on homes that were cut. Sale to original list is the close price divided by the original list price, the full discount from the first asking price; sale to reduced list is the close price divided by the final, reduced list price. Days on market uses recorded values from 0 to 730 days. Prices, cuts, ratios and days on market are medians.

Thresholds: neighborhood tables show the 25 neighborhoods with the most closings among those with at least 20 closings in the 2026 window, or every qualifying neighborhood where fewer qualified. Price range and home type rows need at least 12 closings.

Portal figures: Realtor.com, October 2026 Housing Report, published November 4, 2026, checked November 14, 2026. Its price-reduced share counts active listings with a price reduction during the month. Redfin, Housing Market Update, November 5, 2026, checked November 14, 2026. Its figure is the share of U.S. listings with a price drop in the four weeks ending November 1, 2026. Portal figures count homes for sale that had a cut during one period, across a whole metro. Our figure counts homes in the city that actually sold after at least one cut over six months, and then shows what they sold for against their original asking price. A listing that was cut and has not sold, or was taken off the market, counts in the portal figures but not in ours.

TurboHome figures: TurboHome's own closings from November 1, 2025 to October 31, 2026 over $50,000 with both the original and the final list price recorded. The 247 California and 34 Texas counts are closings with both prices recorded, not total closings, and Texas is a small sample.

FAQ

Does a price cut mean I can offer below the new price in Irvine?

Often, yes. Cut homes in Irvine closed at a median 97.2% of the reduced price from May through October 2026, so the typical cut home still sold below its new asking price, and at 91.7% of the original. Let recent sales of similar homes set your number, not the cut alone.

How big is a typical price cut in Irvine?

The median cut was 5.0% ($88,000) off the original asking price for Irvine homes that were cut and sold from May through October 2026. 20.9% of cuts were under 3% and 17.3% were 10% or more.

Which Irvine neighborhoods had the most price cuts?

The Irvine Business Complex had the highest share of cut sales among the 16 Irvine neighborhoods with at least 20 closings, at 48.8%, followed by Portola Springs (47.4%) and Westpark (42.9%). Woodbury had the lowest at 29.4%.

Are price cuts in Irvine rising or falling?

Falling. 37.4% of Irvine closings from May through October 2026 sold after a cut, against 39.5% in the same months of 2025. Realtor.com counted 17.5% of active Los Angeles-Long Beach-Anaheim listings with a price reduction in October 2026, up 1.9 points from a year earlier, a count of listings rather than sales.

Can I get cash back when I buy a house in Irvine?

Yes. TurboHome is a flat-fee buyer's brokerage serving Irvine: it charges a flat fee instead of a percentage commission and refunds the rest of the buyer-side commission to you at closing, where it can go toward your closing costs. See how to get cash back when you buy a house, which also compares other ways to get it.

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