RE/MAX Accord's Market Report
Discovery Bay, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
Discovery Bay, CA
Thu Mar 23 2023
This week the median list price for Discovery Bay, CA is $1,157,500 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has increased to 34.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $1,157,500 | |
| Median Price of New Listings | $1,064,500 | |
| Per Square Foot | $450 | |
| Average Days on Market | 99 | |
| Median Days on Market | 42 | |
| Price Decreased | 29% | |
| Price Increased | 3% | |
| Relisted | 15% | |
| Inventory | 34 | |
| Median Rent | ||
| Market Action | 42 | |
| Slight Seller's Advantage | ||
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,549,000 | 4,440 | 8,000 - 10,000 sqft | 4 | 5 | 32 | 1 | 0 | 119 |
| $1,409,500 | 3,141 | 6,500 - 8,000 sqft | 4 | 3 | 34 | 1 | 0 | 28 |
| $999,900 | 2,522 | 6,500 - 8,000 sqft | 3 | 3 | 36 | 0 | 3 | 42 |
| $799,000 | 2,484 | 6,500 - 8,000 sqft | 4 | 3 | 28 | 2 | 2 | 112 |