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Discovery Bay Real Estate Prices And Market Stats

  • 128 Total For Sale
  • 11 New Listings
  • 5 Back On Market
  • 8 Price Change

There are currently 128 properties for sale and Discovery Bay real estate prices are between $349,900 and $12,700,000. The median price for homes that are currently for sale is $682,450. Homes are selling for about $327 per square foot. If you are serious about buying a home, we highly recommend setting up a market watch notification so you don't miss out.

Median Price

$682,450

$349,900
Lowest Priced

$12,700,000
Highest Priced

Avg Price/SQFT

$327

$139
Lowest

$4,233
Highest

Avg DOM

51

Discovery-Bay Residential Real Estate Analysis

June 2019 VS. June 2018

Detached Homes

Unit Sales

42 Sales 8% (39)

Median Sales Price

$628,500 5% ($598,000)

Avg $/sqft

$254 2% ($249)

Average Days On Market

59 102% (29)

Selling/listing Price

97% -0% (98%)

Condos

Unit Sales

Sales -100% (1)

Median Sales Price

$0 -100% ($425,000)

Avg $/sqft

$0 -100% ($341)

Average Days On Market

0 -100% (35)

Selling/listing Price

0% -100% (91%)

Townhomes

Insufficient Data To create Report

Discovery-Bay Sales Rate (Absortion Rate)

This is a measure, in weeks, of how long it would take to sell all of the existing properties currently for sale in Discovery-Bay based on the recent historic rate of sales. It is calculated by dividing the number of active listings by the run-rate of sales for properties in Discovery-Bay over the last months years. It does not account for seasonal variance, which can be significant. Normally the run rate will accelerate in the spring/summer and slow down in the fall/winter. This means that in a "normal year" the trends will slightly over state the index in the spring/summer and understate it in the fall/winter. Basically, this measure attempts to place the current inventory into the context of whether it is a Buyer's, Seller's or Balanced market. Buyer's market is over 16 weeks and a seller's market is under 16 weeks.

Detached Homes

Sales per Week

9.08 sold/week

total Currently for sale

120

Absorption Rate

13.21 weeks

Condos

Sales per Week

0.42 sold/week

total Currently for sale

3

Absorption Rate

7.20 weeks

Townhomes

Sales per Week

0.08 sold/week

total Currently for sale

2

Absorption Rate

24.00 weeks

All

Sales per Week

9.58 sold/week

total Currently for sale

128

Absorption Rate

13.36 weeks

Discovery-Bay Real Estate Price trends

Key Insights
  • The monthly median selling price is on a 1 month price trend where property prices have decreased 0%

The real estate price trend chart shows the median selling prices for homes over time. A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the "noise" from random short-term price fluctuations. Use this chart with the inventory chart to determine if prices for homes will be going up or down.

Home Price Quartiles

Looking at the market in quartiles, where each quartile is 25% of home, ordered by price

Quartile Median Price Avg. Sqft Avg. DOM Avg Year Built New Listings Total Listings
Top/First $835,000 2,829 24 1988 0 28 Most Expensive 25% of properties
Upper/Second $625,000 2,916 30 2001 0 27 Upper-middle 25% of properties
Lower/Third $555,000 2,788 32 2002 0 27 Lower-middle 25% of properties
Bottom/Fourth $475,000 1,914 36 1990 0 27 Least expensive 25% of properties

Discovery-Bay Price Per Square Foot Trends

The median and average square foot price trends. The square foot price is one of the best ways to get a good rough estimate of your homes worth.

Discovery-Bay Home SQFT Price Quartiles

If you try to use the average cost per foot to determine the approximate fair market value (FMV) of another property, you should be careful to understand a few key issues. First, the cost per foot tends to decrease as properties increase in size. In other words, the most expensive homes in Discovery-Bay, on a cost per foot basis, will tend to be the smallest properties. This is because economies of scale make larger properties less expensive on a cost per foot basis. You should adjust the cost per foot up or down if the subject property is smaller or larger than the average sized home in Discovery-Bay. The Home SQFT Price Quartiles chart helps give you a better understanding of sqft price and home size.

Quartile (# Listings) Sqft Range Avg. Sqft Price Median Price Avg. DOM Avg Year Built
Largest 25% sqft (28) 3,100 - 5,305 $215 $627,500 25 2001
Upper-middle 25% sqft (27) 2,554 - 3,097 $229 $590,000 30 1999
Lower-middle 25% sqft (27) 1,992 - 2,498 $283 $580,000 34 1997
Smallest 25% sqft (27) 1,354 - 1,992 $320 $515,000 48 1984

Discovery-Bay Real Estate Inventory - Monthly Active, Pending and Sold Activity

The real estate inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each month (pending) and sold each month. This chart is good at determining the supply and demand of properties. When trying to find trends in home prices, I look at the number of the new home listings and the current price trends.

Date Median Price DOM Avg $/sqft Sales Ratio
Jun/2019 $627,400 25 $254 98.92%
May/2019 $589,500 37 $266 98.44%
Apr/2019 $570,000 38 $266 98.61%
Mar/2019 $569,900 28 $267 97.71%
Feb/2019 $589,999 20 $259 98.41%
Jan/2019 $629,000 102 $255 97.84%
Dec/2018 $569,998 61 $239 99.47%
Nov/2018 $619,900 38 $278 97.79%
Oct/2018 $725,000 42 $290 98.68%
Sep/2018 $629,000 32 $290 97.14%
Aug/2018 $679,000 23 $289 96.26%
Jul/2018 $592,500 25 $268 98.46%
Jun/2018 $582,000 13 $258 98.71%

Complete Residential Inventory

Below is all the properties currently for sale in Discovery-Bay, sorted by number of bedrooms.

Condo

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 3 $439,000 $419,667 1,354 $324 $310
all 3 $439,000 $419,667 1,354 $324 $310

Detached - Single Family Homes

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 3 $499,000 $492,967 1,711 $281 $289
3 50 $777,000 $738,459 2,340 $340 $323
4 47 $675,488 $798,653 2,878 $251 $278
5 13 $730,000 $1,866,883 3,882 $212 $548
6 6 $673,250 $774,215 3,941 $185 $199
9 1 $3,999,000 $3,999,000 8,500 $470 $470
all 120 $699,000 $907,103 2,833 $273 $324

Duet

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
1 1 $629,800 $629,800 1,392 $452 $452
2 2 $526,500 $526,500 1,036 $508 $508
all 3 $574,000 $560,933 1,155 $462 $490

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 2 $369,450 $369,450 1,319 $280 $280
all 2 $369,450 $369,450 1,319 $280 $280