Is Costa Mesa, 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, Costa Mesa has remained a Seller's Market.
Housing Prices in Costa Mesa, CA
How much do homes in Costa Mesa, CA cost?
Median Sold Price
$1,300,014
$730/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Costa Mesa was $1,300,014 in April 2024, up 12.4% from last year, and the median price per square foot was $730.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $527.5K | $950K | +80.1% |
2 Bedrooms | $752.5K | $820K | +9.0% |
3 Bedrooms | $1.1M | $1.2M | +9.1% |
4 Bedrooms | $1.3M | $1.4M | +9.6% |
5+ Bedrooms | $1.5M | $1.9M | +23.3% |
Summary: Costa Mesa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.1%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 23.3%.
Median Sold Price Compared To Nearby Cities
Central Coast | $1.6M | $1.8M | +15.3% |
Santa Ana | $723.3K | $821.7K | +13.6% |
Costa Mesa | $1.1M | $1.3M | +12.4% |
Irvine | $1.2M | $1.4M | +10.6% |
Newport Beach | $3.0M | $3.3M | +9.5% |
Housing Supply in Costa Mesa, CA
How many homes are available in Costa Mesa, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
146 | 148 | +1.4% |
Summary: The Costa Mesa real estate market had 148 homes for sale in April 2024, a 1.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 76 | 84 | +10.5% |
4 Bedrooms | 39 | 33 | -15.4% |
5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Costa Mesa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 49 | +6.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Costa Mesa in April 2024, up by 6.5% month-over-month. Of the 49 sold homes, 45% were sold under asking, 14% were sold at asking, and 41% were sold over asking.
Days on Market for Costa Mesa, CA
How long does it take to sell a home in Costa Mesa, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 29 Days | -4.6% |
Summary: Homes in Costa Mesa had an average of 29 days on market in Apr 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 49 homes were sold in Costa Mesa; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.