The Aaronson Group's Market Report

Costa Mesa, CA

Single-Family Homes

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Costa Mesa, CA

Thu Dec 01 2022
This week the median list price for Costa Mesa, CA is $1,397,500 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has decreased to 60. Click here to stay informed with the Costa Mesa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Costa Mesa, CA

Thu Dec 01 2022
This week the median list price for Costa Mesa, CA is $1,397,500 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has decreased to 60. Click here to stay informed with the Costa Mesa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Costa Mesa market.
Median List Price $1,397,500
Median Price of New Listings $1,459,500
Per Square Foot $743
Average Days on Market 71
Median Days on Market 63
Price Decreased 48%
Price Increased 2%
Relisted 3%
Inventory 60
Median Rent
Market Action 47
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,350,000 2,364 6,500 - 8,000 sqft 4 3 67 2 4 49
$1,450,000 1,989 4,500 - 6,500 sqft 4 2 60 1 4 84
$1,289,000 1,700 4,500 - 6,500 sqft 3 2 65 2 2 56
$1,100,000 1,707 4,500 - 6,500 sqft 3 2 61 1 2 63