Homes are taking longer to sell than last year. That means buyers have a bit more time to think, and sellers need to be patient and price smart.
Many homes are selling for less than the asking price—about 58% of them—and only 8% sell at asking, while 34% sell for more than asking price. This shows that smart buyers can get a deal, especially if the home isn’t super popular. But the really awesome, well-presented homes can get multiple offers and sell for a bit over the asking price—up to 3% higher .
Costa Mesa Real Estate Highlights:
-
🏡 Price! The median sales price in May 2025 was $1.65 million. In May 2024 it was $1.4 million.
-
⏳ Patience! In average it is currently taking around 45 days to sell, much longer than last year.
-
💰 Deals or Bids! Most homes sell below asking, but some awesome ones get higher bids.
-
📌 Tip for sellers: Fix up your home, price it smart, and be ready to wait.
-
🎯 Tip for buyers: Take your time, look closely, and you might score a good deal—or jump fast if it’s special!
