Costa Mesa Housing Market Report – March 2026
Here's a look at how the Costa Mesa, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 53
- Median Sale Price: $1,410,000
- Average Sale Price: $1,626,304
- Average Price Per Sq Ft: $915
- Average Days on Market: 51
- Sale-to-List Price Ratio: 100.5%
Month-Over-Month Trends
Compared to February, the median sale price in Costa Mesa moved 6.0% down (from $1,500,000 to $1,410,000). The number of homes sold was 71.0% up compared to the prior month (31 vs. 53). Average days on market shifted 1.9% down (52 days to 51 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 10.8% down (from $1,580,000 to $1,410,000). Sales volume is 14.5% down year-over-year.
What This Means
Costa Mesa's housing market is showing mixed signals this March, with activity picking up noticeably but prices continuing their downward drift. Sales volume jumped 71 percent from February, which is encouraging and typical for spring—buyers are emerging from winter hibernation, and sellers are listing properties. However, that surge masks a grimmer year-over-year reality: we're still down 14.5 percent in sales compared to March 2025. The median price dropped another 6 percent month-over-month and is now 10.8 percent below last year, suggesting the market remains in a correction phase despite the seasonal bounce.
The fact that homes are selling at 100.5 percent of list price is actually a bright spot, indicating there's still genuine demand rather than a purely buyer-driven collapse. Properties are moving slightly faster too, averaging just 51 days on market. But that's still over six weeks, and with 140 active listings on the market, sellers aren't in a strong negotiating position.
What's really happening here is a normalization after years of chaos. Higher interest rates have cooled buyer enthusiasm, but March's uptick suggests the market hasn't stalled entirely—it's just settling into a slower, more realistic pace where pricing reflects actual value rather than pandemic-era speculation.
Costa Mesa Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92626 | 29 | $1,425,000 | $867 | 51 |
| 92627 | 24 | $1,339,500 | $975 | 52 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 38 | $1,462,500 | $1,017 |
| CONDOS | 4 | $857,500 | $713 |
| MULTI_FAMILY | 4 | $2,142,500 | $691 |
| TOWNHOMES | 3 | $865,000 | $716 |
| CONDO | 2 | $534,000 | $448 |
| MOBILE | 2 | $317,500 | $257 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 1 |
| $300K - $399K | 1 |
| $500K - $749K | 3 |
| $750K+ | 48 |
Current Active Listings
As of this report, there are 140 active listings in Costa Mesa with a median asking price of $1,537,247 and an average of 52 days on market.
Thinking About Selling Your Costa Mesa Home?
If you're a homeowner in Costa Mesa considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Costa Mesa and throughout the Central Valley — get a no-obligation cash offer today.
Learn More About Selling Your Costa Mesa Home
Get More Info On Options To Sell Your Home...
Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.
Get An Offer Today, Sell In A Matter Of Days...
Takes about 30 seconds. No obligation.