Navigating Costa Mesa’s Evolving Housing Market

Navigating Costa Mesa’s Evolving Housing Market

Costa Mesa’s housing market is experiencing notable shifts, with varying trends across different neighborhoods. As of March 2026, the median sale price in Costa Mesa was $1.4 million, reflecting an 8.1% decrease from the previous year. Homes typically receive three offers and sell in approximately 32 days. The median sale price per square foot stands at $847, marking a 3.9% increase year-over-year.

In Eastside Costa Mesa, the market remains highly competitive. The median sale price reached $2.3 million in March 2026, up 10.3% from the previous year. Homes in this area average 42 days on the market, with a median price per square foot of $1,100, a 5% increase year-over-year.

Conversely, Westside Costa Mesa saw a 6.5% increase in median sale price, reaching $1.3 million. Homes here typically sell after 42 days on the market, a slight improvement from the previous year.

On the rental front, the average rent in Costa Mesa is approximately $3,041 per month, reflecting a 2.7% increase over the past year.

In response to housing affordability challenges, the City of Costa Mesa has initiated several development projects. Notably, the Avon River Apartments, a 76-unit affordable housing complex, is underway at the former Travelodge Motel site. Additionally, the Westside Costa Mesa Senior Housing complex is in development, with the city approving $3.6 million in additional funding for these projects.

Another significant project is The Bungalows, an 8-unit permanent affordable housing development located at 2039 Pomona Ave. This initiative involves substantial rehabilitation of existing units and the construction of two new accessory dwelling units (ADUs).

These developments aim to address the growing demand for affordable housing in Costa Mesa, providing options for low-income families and seniors. As the housing landscape continues to evolve, staying informed about market trends and new developments is crucial for residents and potential homebuyers.