$4,928 Closing Credit*
$415,000
962 SqFt
2 Beds
•2 Full Baths
Pamela Adamson, Listing Office: eXp Realty of California, Inc
Is Discovery Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Discovery Hills has remained a Seller's Market.
Key Takeaway
Discovery Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Discovery Hills, CA
How much do homes in Discovery Hills, CA cost?
Median Sold Price
$950,000
$576/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+5.6%)
Key Takeaway
Homes in Discovery Hills have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Discovery Hills was $950,000 in November 2024, up 5.6% from last year, and the median price per square foot was $576.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185.5K | $189K | +1.9% |
| 2 Bedrooms | $705K | $687.6K | -2.5% |
| 3 Bedrooms | $965.5K | $1.0M | +8.8% |
| 4 Bedrooms | $1.1M | $1.2M | +6.9% |
| 5+ Bedrooms | $1.1M | $1.3M | +13.9% |
Summary: Discovery Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Neighborhoods
| San Elijo Hills | $895.5K | $1.2M | +35.7% |
| Discovery Hills | $900K | $950K | +5.6% |
| Lake San Marcos | $902.5K | $875K | -3.0% |
Housing Supply in Discovery Hills, CA
How many homes are available in Discovery Hills, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 57 | -13.6% |
Summary: The Discovery Hills real estate market had 57 homes for sale in November 2024, a 13.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 26 | 23 | -11.5% |
| 3 Bedrooms | 24 | 19 | -20.8% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Discovery Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 10 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Discovery Hills, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Discovery Hills in November 2024, down by 50.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 31 Days | +68.7% |
Summary: Homes in Discovery Hills had an average of 31 days on market in Nov 2024, up by 68.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Discovery Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Discovery Hills; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.