Is Danville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Danville has remained a Seller's Market.
Housing Prices in Danville, IL
How much do homes in Danville, IL cost?
Median Sold Price
$47,000
$24/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Danville was $47,000 in May 2024, down 66.7% from last month, and the median price per square foot was $24.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $126K | N/A |
3 Bedrooms | $180.3K | $18K | -90.0% |
4 Bedrooms | $118.7K | $42K | -64.6% |
5+ Bedrooms | - | - | N/A |
Summary: Danville housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 90%, 4 bedroom homes decreased by 64.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Blount Township | $266.2K | $200K | -24.9% |
Danville Township | $94.5K | $47K | -50.3% |
Danville | $141K | $47K | -66.7% |
Housing Supply in Danville, IL
How many homes are available in Danville, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 29 | +7.4% |
Summary: The Danville real estate market had 29 homes for sale in May 2024, a 7.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Danville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Danville in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Danville, IL
How long does it take to sell a home in Danville, IL?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 Days | 61 Days | +15.5% |
Summary: Homes in Danville had an average of 61 days on market in May 2024, up by 15.5% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Danville; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.