Is Danville, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Danville is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Danville has remained a Seller's Market.

Key Takeaway

Danville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Danville, CA

How much do homes in Danville, CA cost?

Median Sold Price

$1,944,808

$762/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$175,225(+9.9%)

Key Takeaway

Homes in Danville have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Danville was $1,944,808 in May 2024, up 9.9% from last year, and the median price per square foot was $762.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $940K$952K
+1.3%
3 $1.3M$1.3M
+6.9%
4 $1.9M$2.0M
+2.7%
5+ $2.3M$2.6M
+12.2%

Summary: Danville 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 increased by 1.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 12.2%.

Median Sold Price Compared To Nearby Cities

Tassajara
+18.7%
Danville
+9.9%
San Ramon
+4.1%
Central Contra Costa
+2.1%

Housing Supply in Danville, CA

How many homes are available in Danville, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
189214+13.2%

Summary: The Danville real estate market had 214 homes for sale in May 2024, a 13.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1717
0.0%
3 3750
+35.1%
4 7582
+9.3%
5+ 6065
+8.3%

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 remained the same, 3 bedroom homes increased by 35.1%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
7168-4.2%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Danville, you could pay more than the asking price. 56.1% of homes here sold above asking price last month.

Summary: A total of 68 homes were sold or pending in Danville in May 2024, down by 4.2% month-over-month. Of the 66 sold homes, 35% were sold under asking, 9% were sold at asking, and 56% were sold over asking.

Days on Market for Danville, CA

How long does it take to sell a home in Danville, CA?

Average Sale Time

May 2023May 2024CHANGE
15 Days12 Days-21.5%

Summary: Homes in Danville had an average of 12 days on market in May 2024, down by 21.5% compared to last year.

Breakdown of Home Sale Times

63 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Danville are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 68 homes were sold in Danville; 93% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Danville, CA

Nearby Markets to Danville, CA

What housing markets are near Danville, CA?