$10,000 Closing Credit*
$1,525,000
1,237 SqFt
3 Beds
•2 Full Baths
Chris Moreno, Listing Office: Surterre Properties Inc.
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 October 2023
Since last year, Westside Costa Mesa has remained a Seller's Market.
Key Takeaway
Westside Costa Mesa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westside Costa Mesa, CA
How much do homes in Westside Costa Mesa, CA cost?
Median Sold Price
$1,265,000
$764/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$235,000(+22.8%)
Key Takeaway
Homes in Westside Costa Mesa have sold for 22.8% more than they did a year ago.
Summary: The median home sold price in Westside Costa Mesa was $1,265,000 in October 2024, up 22.8% from last year, and the median price per square foot was $764.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $950K | - | N/A |
| 2 Bedrooms | $788.4K | $898K | +13.9% |
| 3 Bedrooms | $1.0M | $1.1M | +14.8% |
| 4 Bedrooms | $1.3M | $1.5M | +14.1% |
| 5+ Bedrooms | $1.9M | $1.9M | -3.1% |
Summary: Westside Costa Mesa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 3.1%.
Housing Supply in Westside Costa Mesa, CA
How many homes are available in Westside Costa Mesa, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 43 | +4.9% |
Summary: The Westside Costa Mesa real estate market had 43 homes for sale in October 2024, a 4.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Westside Costa Mesa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 18 | +200.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westside Costa Mesa, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Westside Costa Mesa in October 2024, up by 200.0% month-over-month. Of the 18 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 32 Days | +249.4% |
Summary: Homes in Westside Costa Mesa had an average of 32 days on market in Oct 2024, up by 249.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westside Costa Mesa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Westside Costa Mesa; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.