Costa Mesa, CA Home Values & Market Trends

Real estate market trends reflect that there have been 692 transactions over the past year in Costa Mesa. The median value for residential home transactions that occurred over the previous year is $1,238,140.01. The number of current listings in Costa Mesa is 69, and the percentage of properties for sale in the city is 69.00%. Costa Mesa, CA currently has 20 properties in foreclosure, 0 bank owned properties, 8 properties headed for auction, and 69 properties for sale.

Costa Mesa, CA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
92626

$ 1,214,750

$ 696/sqft

92628

$ --

$ --

92627

$ 1,442,750

$ 887/sqft

Housing Market Summary for Costa Mesa, CA

Mar 2023February 2024Change
Median Listing Price$1.3M$1.2M-4.54%
Median Sold Price$1.1M$1.2M8.01%
Homes For Sale10365-36.89%
Homes Sold736676-8.15%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Costa Mesa, CA

Costa Mesa home values range from $237,915 to $4,942,575. The median estimated value of a home in Costa Mesa is $1,238,140.01. The median list price of a home is 1,295,000, and the total count of properties in the city is 22,407.

Foreclosure
There are 3 zips within Costa Mesa, CA; within these zips, the median estimated home value for homes in foreclosure ranges from $1,901,000 in 92627 to the lowest value of $657,500 in 92627. Foreclosure homes account for 0.00% of properties in Costa Mesa, CA with 92626 containing 13 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.05% of all residential properties in Costa Mesa, CA with 92626 containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Costa Mesa, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,659,000 in 92627 to the lowest home value of $669,000 in 92626.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Costa Mesa, CA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Costa Mesa, CA. There are 3 zips within Costa Mesa, CA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    92626 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Costa Mesa, CA. Auction homes and other auction properties account for 0.04% of all properties in Costa Mesa, CA. There are 3 zips within Costa Mesa, CA; of those zips, the median estimated home value for homes going to auction ranges from $1,901,000 in 92626 to the lowest value of $657,500 in 92626.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.31% of residential properties in Costa Mesa, CA with 92626 containing 41 homes for sale, the highest number of listed properties in a single zip. There are 3 zips within Costa Mesa, CA; homes for sale in those zips, have a range of median values from $2,690,000 in 92627 to the lowest value of $408,300 in 92626.
    Sold Homes
    The median value for recently sold homes ranges from $3,204,630 in 92627 to the lowest price of $425,400 in 92627. There are 3 zips within Costa Mesa, CA. 92627 has 342 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.03% of properties in Costa Mesa, CA.

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      Guide for Costa Mesa, CA

      RealtyTrac Market Report
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      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
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      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
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      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
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      Stability and Growth in the San Bernardino Real Estate Market – Feb 2024
      See More Articles
      RealtyTrac Market Report
      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
      California|posted 8 December 2023

      In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.

      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California|posted 1 March 2024

      The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.

      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      California|posted 1 March 2024

      Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.

      Stability and Growth in the San Bernardino Real Estate Market – Feb 2024
      California|posted 1 March 2024

      The San Bernardino real estate market is experiencing stability and modest growth. Median property values are consistent, while foreclosures, pre-foreclosures, and auctions present unique investment opportunities due high avg values.

      Recently Listed Homes Costa Mesa, CA

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