Costa Mesa Single-Family Housing Market Update – November & 12-Month Trends

The City of Costa Mesa continues to show steady demand and firm price growth as we move toward 2025. November data reveals declines in new listings and pending sales, but the 12-month trends show overall market stability, rising values, and low inventory that continues to support strong pricing. Below is a full breakdown of Costa Mesa’s single-family market performance.

New Listings: Fewer Homes Coming to Market in November

Costa Mesa saw a notable decline in new listings this November:

• 21 → 16 new listings (–23.8%)

However, the longer-term trend shows more movement:

• 513 → 550 listings through November (+7.2%)

More homeowners entered the market this year, but short-term activity tightened as sellers paused during late fall.

Pending & Closed Sales: Slower in November, Stable Over 12 Months

Pending sales fell sharply year-over-year:

• 31 → 17 (–45.2%)

Closed sales also dipped:

• 42 → 38 (–9.5%)

But the 12-month numbers show a more consistent outlook:

• Pending sales: 415 → 425 (+2.4%)

• Closed sales: 416 → 436 (+4.8%)

This indicates that despite a slower November, overall buyer demand through the year remained healthy.

Days on Market: Homes Taking Longer to Sell

• November DOM increased from 25 to 29 days (+16%)

• 12-month DOM rose from 23 to 28 days (+21.7%)

Homes are still selling quickly by historical standards, but buyers are taking more time compared to the competitive pace of recent years.

Home Prices: Strong Appreciation Across the Board

Costa Mesa continues to experience steady price growth.

Median Sales Price

• November: $1,632,500 → $1,664,000 (+1.9%)

• 12-month: $1,515,000 → $1,645,000 (+8.6%)

Average Sales Price

• November: $1,729,607 → $1,902,295 (+10.0%)

• 12-month: $1,640,053 → $1,832,401 (+11.7%)

Both median and average prices show meaningful appreciation, reflecting strong buyer demand for Costa Mesa’s diverse neighborhoods—from Eastside Costa Mesa to the Mesa Verde and Newport-adjacent communities.

List-Price Ratios: Sellers Receiving Strong Offers

• November: 97.9% → 100.2% (+2.3%)

• 12-month: 99.4% → 99.0% (–0.4%)

Homes priced well are achieving full-price offers or higher, especially in desirable pockets.

Inventory Tightening

Inventory fell significantly:

• 76 → 57 homes (–25%)

Months supply also dropped:

• 2.2 → 1.6 (–27.3%)

Costa Mesa remains a seller-leaning market, with buyers competing for limited, high-quality homes.

What This Means for Costa Mesa Heading Into 2025

• Sellers benefit from strong pricing, low competition, and rising long-term values.

• Buyers face tight inventory but more negotiation room compared to peak market conditions.

• Prices continue to climb, supported by Costa Mesa’s central location, lifestyle appeal, and limited supply.

Costa Mesa remains one of the most consistently performing single-family markets in Orange County.