Is Westside 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, Westside Costa Mesa has remained a Seller's Market.
Housing Prices in Westside Costa Mesa, CA
How much do homes in Westside Costa Mesa, CA cost?
Median Sold Price
$1,185,000
$675/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Westside Costa Mesa was $1,185,000 in April 2024, up 20.3% from last year, and the median price per square foot was $675.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $950K | N/A |
2 Bedrooms | $770K | $850K | +10.4% |
3 Bedrooms | $990K | $1.1M | +16.2% |
4 Bedrooms | $1.2M | $1.4M | +18.8% |
5+ Bedrooms | $1.8M | $1.9M | +8.3% |
Summary: Westside 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 10.4%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 8.3%.
Housing Supply in Westside Costa Mesa, CA
How many homes are available in Westside Costa Mesa, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 29 | -3.3% |
Summary: The Westside Costa Mesa real estate market had 29 homes for sale in April 2024, a 3.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Westside 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Westside Costa Mesa in April 2024, up by 75.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Westside Costa Mesa, CA
How long does it take to sell a home in Westside Costa Mesa, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 30 Days | +37.6% |
Summary: Homes in Westside Costa Mesa had an average of 30 days on market in Apr 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
11 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, 14 homes were sold in Westside Costa Mesa; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.