Is Central 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, Central Costa Mesa has remained a Seller's Market.
Key Takeaway
Central Costa Mesa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Costa Mesa, CA
How much do homes in Central Costa Mesa, CA cost?
Median Sold Price
$928,500
$691/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Central Costa Mesa have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Central Costa Mesa was $928,500 in April 2024, up 12.2% from last year, and the median price per square foot was $691.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | $520K | +4.0% |
| 2 Bedrooms | $720K | $767.5K | +6.6% |
| 3 Bedrooms | $944.5K | $1.1M | +17.5% |
| 4 Bedrooms | $1.4M | $1.2M | -16.6% |
| 5+ Bedrooms | $1.1M | $1.7M | +52.2% |
Summary: Central Costa Mesa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes increased by 52.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Costa Mesa | $827.5K | $928.5K | +12.2% |
| Orange County Fairgrounds / Orange Coast College | $750K | $820K | +9.3% |
| College Park | $1.1M | $1.1M | +6.5% |
| Monticello | $781.5K | $825K | +5.6% |
Housing Supply in Central Costa Mesa, CA
How many homes are available in Central Costa Mesa, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Central Costa Mesa real estate market had 24 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Central Costa Mesa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Costa Mesa, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Central Costa Mesa in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Central Costa Mesa, CA
How long does it take to sell a home in Central Costa Mesa, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 33 Days | -38.8% |
Summary: Homes in Central Costa Mesa had an average of 33 days on market in Apr 2024, down by 38.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Central Costa Mesa are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Central Costa Mesa; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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.