June Real Estate Market Update

Jul 11, 2025

With the first half of the year behind us, June brought fresh insight into how the broader Orange County real estate market is evolving. The latest numbers show a continued rebound in sales activity and steady pricing growth, even as buyers become more discerning and inventory gradually rises.

Let’s take a look at how Orange County overall performed last month, followed by a closer look at three key coastal communities: Newport Beach, Costa Mesa, and Corona del Mar.

Orange County

Closed Sales: 1,693 homes
Closed Sales in June 2024: 1,429 homes
Change in Sales Volume: ⬆️ 18.5%
Median Sales Price: $1,178,819
Median Sales Price in June 2024: $1,114,670
Change in Price: ⬆️ 5.7%

Orange County saw an 18.5% jump in the number of homes sold in June compared to the same time last year—proof that buyer activity remains strong despite higher interest rates. Median prices climbed 5.7% year-over-year, showing that sellers continue to benefit from stable demand and limited supply.

Newport Beach

Closed Sales: 364 homes
Closed Sales in June 2024: 301 homes
Change in Sales Volume: ⬆️ 21%
Average Sales Price: $3,402,446
Change in Price: ⬆️ 4.0%

Newport Beach posted a strong year-over-year gain in closed sales this June, a sign that high-end buyers remain active. While pricing growth was more moderate compared to earlier this year, values continue to trend upward, reinforcing the area’s long-term luxury appeal.

Costa Mesa

Closed Sales: 186 homes
Closed Sales in June 2024: 159 homes
Change in Sales Volume: ⬆️ 17%
Average Sales Price: $1,640,000
Change in Price: ⬆️ 16%

Costa Mesa saw impressive growth in both sales activity and pricing compared to last June. The mid-range market remains highly competitive, with well-priced homes drawing significant interest despite higher borrowing costs.

Corona del Mar

Closed Sales: 13 homes
Closed Sales in June 2024: 11 homes
Change in Sales Volume: ⬆️ 18%
Average Sales Price: $4,100,000
Change in Price: ⬆️ 8.6%

While the number of homes sold in Corona del Mar remains lower in volume compared to larger cities, June brought a solid 18% increase in transactions over the same time last year. Luxury pricing held strong, supported by low inventory and steady demand from well-qualified buyers.

The coastal and countywide numbers in June 2025 delivered a clear message: real estate activity is gaining momentum. Sales rose significantly across Orange County and its coastal enclaves, while prices continued to climb—albeit at a more measured pace. Inventory is slowly increasing, giving buyers more options, but demand for well-priced, well-located homes remains steady. The second half of the year could offer more balance, but for now, sellers still hold a meaningful edge in much of the market.