Is Discovery Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Discovery Hills has remained a Seller's Market.
Housing Prices in Discovery Hills, CA
How much do homes in Discovery Hills, CA cost?
Median Sold Price
$925,000
$565/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Discovery Hills was $925,000 in April 2024, up 7.1% from last year, and the median price per square foot was $565.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $197K | +12.6% |
2 Bedrooms | $670K | $705K | +5.2% |
3 Bedrooms | $922.5K | $1.0M | +16.5% |
4 Bedrooms | $1.1M | $1.1M | -1.1% |
5+ Bedrooms | $1.2M | $1.3M | +10.1% |
Summary: Discovery Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 16.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Neighborhoods
Discovery Hills | $864K | $925K | +7.1% |
Lake San Marcos | $869.5K | $909K | +4.5% |
Village O | $665K | $677.5K | +1.9% |
San Elijo Hills | $1.1M | $898K | -22.8% |
Housing Supply in Discovery Hills, CA
How many homes are available in Discovery Hills, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 59 | +18.0% |
Summary: The Discovery Hills real estate market had 59 homes for sale in April 2024, a 18.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 5 | 10 | +100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Discovery Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Discovery Hills in April 2024, the same as the previous month. Of the 16 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Discovery Hills, CA
How long does it take to sell a home in Discovery Hills, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 18 Days | +9.1% |
Summary: Homes in Discovery Hills had an average of 18 days on market in Apr 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Discovery Hills; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.