Is Danvers, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Danvers was a Seller's Market.
Housing Prices in Danvers, IL
How much do homes in Danvers, IL cost?
Median Sold Price
$176,900
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Danvers was $176,900 in May 2024, up 2.6% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160K | $133K | -16.9% |
3 Bedrooms | $165.4K | $178.7K | +8.0% |
4 Bedrooms | $190K | $339.7K | +78.8% |
5+ Bedrooms | $300K | - | N/A |
Summary: Danvers housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 78.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Danvers | $172.5K | $176.9K | +2.6% |
Danvers Township | $177.5K | $176.9K | -0.3% |
Housing Supply in Danvers, IL
How many homes are available in Danvers, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Summary: The Danvers real estate market had 6 homes for sale in May 2024, a 14.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 3 | 1 | -66.7% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Danvers 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 50%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Danvers in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Danvers, IL
How long does it take to sell a home in Danvers, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 1 Day | -85.7% |
Summary: Homes in Danvers had an average of 1 days on market in May 2024, down by 85.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Danvers; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.