Costa Mesa Real Estate Update - July 2022

Location, Location, Location

There are quite a few factors affecting the housing market at the moment. Higher interest rates, inflation, higher gas prices, just to name a few are having a serious effect on the market.

Other areas are seeing a change from a sellers to a buyers market. With that being said, the numbers and data confirm our Costa Mesa housing market remains a SELLERS MARKET!!

So, if you are still on the fence on whether to sell your house or not...Check out the numbers below.

Median Sold Price

$1,162,000

(Homes in Costa Mesa have sold for 25.6% more than they did a year ago)

Number of Homes for Sale

99

Asking Price vs Sold Price

41.2% of homes here sold above asking price

(If you are buying a home in Costa Mesa, you could pay more than the asking price)

Average Days on the Market

16 days