Is Eastside 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, Eastside Costa Mesa has remained a Seller's Market.
Housing Prices in Eastside Costa Mesa, CA
How much do homes in Eastside Costa Mesa, CA cost?
Median Sold Price
$1,767,000
$920/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Eastside Costa Mesa was $1,767,000 in April 2024, up 17.4% from last year, and the median price per square foot was $920.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.1M | N/A |
2 Bedrooms | $947.5K | $1.0M | +13.4% |
3 Bedrooms | $1.2M | $1.5M | +28.4% |
4 Bedrooms | $1.7M | $1.8M | +3.6% |
5+ Bedrooms | $2.3M | $2.4M | +7.5% |
Summary: Eastside Costa Mesa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 28.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in Eastside Costa Mesa, CA
How many homes are available in Eastside Costa Mesa, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 37 | -7.5% |
Summary: The Eastside Costa Mesa real estate market had 37 homes for sale in April 2024, a 7.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 19 | 23 | +21.1% |
4 Bedrooms | 15 | 9 | -40.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Eastside Costa Mesa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 10 | -41.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Eastside Costa Mesa in April 2024, down by 41.2% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Eastside Costa Mesa, CA
How long does it take to sell a home in Eastside Costa Mesa, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 40 Days | +147.5% |
Summary: Homes in Eastside Costa Mesa had an average of 40 days on market in Apr 2024, up by 147.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Eastside Costa Mesa; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.