Costa Mesa Housing Market Report – May 2026
Here's a look at how the Costa Mesa, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 59
- Median Sale Price: $1,375,000
- Average Sale Price: $1,557,996
- Average Price Per Sq Ft: $891
- Average Days on Market: 53
- Sale-to-List Price Ratio: 98.9%
Month-Over-Month Trends
Compared to April, the median sale price in Costa Mesa moved 2.2% down (from $1,406,000 to $1,375,000). The number of homes sold was 22.4% down compared to the prior month (76 vs. 59). Average days on market shifted 10.2% down (59 days to 53 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 12.1% down (from $1,564,500 to $1,375,000). Sales volume is 4.8% down year-over-year.
What This Means
Costa Mesa's housing market is showing signs of cooling as we head into summer, with both price and activity trending downward compared to last year. The median sale price has dipped 12.1% year-over-year to $1,375,000, suggesting sellers are adjusting expectations in a market where buyers have more negotiating power. The sale-to-list price ratio of 98.9% indicates homes are still selling close to asking price, but the slower pace—with homes averaging 53 days on market—gives buyers more time to shop around and negotiate. This is a marked shift from the urgency we saw a year ago.
The month-over-month decline tells a more nuanced story. While sales volume dropped 22.4%, this should be interpreted cautiously given previous data collection gaps. More telling is that homes are spending 10% less time on market despite lower transaction volume, suggesting inventory is moving more quickly even in this softer environment. With 182 active listings on the books, the supply-demand balance is steadier than it's been, and the median asking price of $1,496,500 shows sellers are gradually pricing properties more realistically.
Overall, Costa Mesa remains a solid market for buyers right now. The combination of lower prices, reasonable DOM, and healthy inventory levels creates genuine opportunities—a welcome change after years of hypercompetitive bidding wars.
Costa Mesa Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92627 | 31 | $1,340,000 | $909 | 63 |
| 92626 | 28 | $1,537,500 | $871 | 42 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 39 | $1,572,000 | $974 |
| CONDOS | 7 | $910,000 | $721 |
| CONDO | 6 | $940,000 | $766 |
| TOWNHOMES | 4 | $967,500 | $726 |
| MULTI_FAMILY | 2 | $2,462,500 | N/A |
| MOBILE | 1 | $199,900 | $208 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $500K - $749K | 2 |
| $750K+ | 56 |
Current Active Listings
As of this report, there are 182 active listings in Costa Mesa with a median asking price of $1,496,500 and an average of 58 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 Orange County — get a no-obligation cash offer today.