What’s Happening in the Costa Mesa and Orange County Real Estate Market?
The Orange County housing market is always moving, and the latest report shows some interesting changes that matter if you’re thinking about buying or selling a home in Costa Mesa or nearby cities. Right now, more homes are selling below the asking price. In July, over 60% of homes in Orange County sold for less than the original price listed. On the flip side, the very best homes—those in great condition, well-upgraded, and priced fairly—are still attracting multiple buyers and often selling above asking. This means buyers have opportunities to negotiate, but sellers who prepare their homes properly can still come out ahead.
Costa Mesa’s Market Advantage
For Costa Mesa, this is especially important. Many families and young professionals want to live here because of the central location, schools, and lifestyle. The current Expected Market Time in Orange County is about 91 days, which is the longest it’s been in August since 2014. This means most homes aren’t selling right away. Homes that need updates or are priced too high are sitting longer, which gives serious buyers a chance to negotiate and sellers a chance to adjust.
Why This Is Good News
The good news is that mortgage rates have recently dropped to their lowest point this year, which is helping more buyers step back into the market. As demand grows, Costa Mesa homes in prime locations—especially those that are move-in ready—are still moving quickly. If you’re a buyer, this is the time to stay prepared so you can act fast when the right home comes along. If you’re a seller, pricing your home correctly and making it shine can help you stand out and sell faster.
The Bottom Line
Overall, Orange County real estate, including Costa Mesa, is showing signs of balance. Inventory has likely peaked for the year, and with interest rates improving, the market is moving in a healthier direction. Whether you’re looking to buy your first home, upgrade, or sell, knowing the numbers—and working with someone who understands the Costa Mesa market—is the key to success.
