Published October 6, 2026 in Market Update

One part of Costa Mesa is moving faster than the other

By Julian Hakim | COMPASS

Real estate, Costa Mesa

In Costa Mesa, the Real Estate Data Aggregator counted homes going under contract for the three months ending July 31, 2026. In 92626, 42.1% went under contract within two weeks of listing. In 92627, only 32.9% did. That gap tells you which part of town is moving faster.

Meanwhile, Realtor.com reported that mortgage rates surged above 7% nationally for the first time since January 2025. CNBC reported the average 30-year fixed rate hit 7.30% last week. Rates like that slow buyers down. Yet 92626 still picked up speed.

In 92626, that two-week share was up 0.6 points from a year before, per the Real Estate Data Aggregator. In 92627, it fell 2.9 points over the same stretch. Two ZIP codes, two different directions.

What the numbers say about each ZIP

The Real Estate Data Aggregator put the median sale price in 92626 at $1,525,000. That is down 4.7% from a year before. Prices dipped a little, but homes still moved in 36 days at the median. Sellers priced well are still closing close to list.

In 92627, the median sale price was $1,600,000, up 11.3% year over year, per the Real Estate Data Aggregator. But fewer homes sold. The Real Estate Data Aggregator counted 82 homes sold there, down 23.4% from a year before. A higher price with fewer buyers closing is a signal worth watching.

Supply is rising in both ZIPs

More supply means buyers have more choices. Realtor.com reported that nationally, 20.8% of listings took a price cut in September 2026, the highest share since October 2022. That is a national number, not a Costa Mesa count. But it tells you what buyers are expecting when they walk in.

In 92626, months of supply stood at 2.4 months, up 0.3 months from a year before, per the Real Estate Data Aggregator. In 92627, it was 3.1 months, up 0.9 months. More room on the shelf in 92627 means buyers there have more time to think.

Pending sales tell a similar story

The Real Estate Data Aggregator counted 88 pending sales in 92626, up 7.3% from a year before. In 92627, pending sales fell 24.8% to 82. That drop in 92627 is not small. It means fewer buyers are committing there.

What this means for you

If you own in 92626, demand is holding. Days on market fell 6 days shorter than a year ago, per the Real Estate Data Aggregator. Pricing close to value still works. Not every home sold fast, but the ones priced right moved in about five weeks.

If you own in 92627, the slower pace asks for sharper pricing. The sale-to-list ratio slipped to 98%, down 1.9 points, per the Real Estate Data Aggregator. Homes that sold above list fell to 25.6%, down 9.9 points. Buyers in 92627 are negotiating more.

CNBC reported that weekly mortgage demand dropped 6% last week, per the Mortgage Bankers Association. Fewer buyers shopping means the ones who do show up need a reason to choose your home over the next one.