Is Danvers, MA 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, Danvers has remained a Seller's Market.
Key Takeaway
Danvers is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Danvers, MA
How much do homes in Danvers, MA cost?
Median Sold Price
$635,000
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Danvers have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Danvers was $635,000 in April 2024, up 3.4% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $288K | +10.8% |
| 2 Bedrooms | $455K | $474.5K | +4.3% |
| 3 Bedrooms | $604.5K | $638.5K | +5.6% |
| 4 Bedrooms | $749.5K | $785K | +4.7% |
| 5+ Bedrooms | $775K | $805K | +3.9% |
Summary: Danvers housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Topsfield | $790K | $870K | +10.1% |
| Peabody | $575K | $615K | +7.0% |
| Danvers | $613.8K | $635K | +3.4% |
| Middleton | $825K | $750K | -9.1% |
Housing Supply in Danvers, MA
How many homes are available in Danvers, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 49 | +32.4% |
Summary: The Danvers real estate market had 49 homes for sale in April 2024, a 32.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Danvers housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Danvers, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Danvers in April 2024, up by 25.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 13% were sold at asking, and 67% were sold over asking.
Days on Market for Danvers, MA
How long does it take to sell a home in Danvers, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 37 Days | +126.4% |
Summary: Homes in Danvers had an average of 37 days on market in Apr 2024, up by 126.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Danvers are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Danvers; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
