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
Last month, Danville was a Seller's Market.
Housing Prices in Danville, IL
How much do homes in Danville, IL cost?
Median Sold Price
$141,000
$93/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Danville was $141,000 in April 2024, up 276% from last month, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $20K | - | N/A |
2 Bedrooms | $28.7K | - | N/A |
3 Bedrooms | $39K | $180.3K | +362.5% |
4 Bedrooms | $169.9K | $118.7K | -30.1% |
5+ Bedrooms | - | - | N/A |
Summary: Danville housing prices by bedroom type for April 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 increased by 362.5%, 4 bedroom homes decreased by 30.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Danville | $37.5K | $141K | +276.0% |
Danville Township | $37.5K | $94.5K | +152.0% |
Blount Township | $187K | $266.2K | +42.4% |
Tilton | $135.5K | $10.1K | -92.5% |
Housing Supply in Danville, IL
How many homes are available in Danville, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 36 | -10.0% |
Summary: The Danville real estate market had 36 homes for sale in April 2024, a 10.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 13 | 7 | -46.2% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Danville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 46.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 6 | -57.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Danville in April 2024, down by 57.1% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 Days | 53 Days | -47.8% |
Summary: Homes in Danville had an average of 53 days on market in Apr 2024, down by 47.8% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Danville; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.