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 June 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

$1,961,250

$767/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$196,875(+11.2%)

Key Takeaway

Homes in Danville have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Danville was $1,961,250 in June 2024, up 11.2% from last year, and the median price per square foot was $767.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $940K$974K
+3.6%
3 $1.2M$1.4M
+7.9%
4 $1.9M$2.0M
+9.4%
5+ $2.3M$2.6M
+13.9%

Summary: Danville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 13.9%.

Median Sold Price Compared To Nearby Cities

Tassajara
+16.4%
Danville
+11.2%
San Ramon
+4.3%
Central Contra Costa
+3.0%

Housing Supply in Danville, CA

How many homes are available in Danville, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
199204+2.5%

Summary: The Danville real estate market had 204 homes for sale in June 2024, a 2.5% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 1714
-17.6%
3 4552
+15.6%
4 7789
+15.6%
5+ 6049
-18.3%

Summary: The Danville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 18.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
7179+11.3%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

44 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. 58.7% of homes here sold above asking price last month.

Summary: A total of 79 homes were sold or pending in Danville in June 2024, up by 11.3% month-over-month. Of the 75 sold homes, 33% were sold under asking, 8% were sold at asking, and 59% 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

Jun 2023Jun 2024CHANGE
15 Days16 Days+5.0%

Summary: Homes in Danville had an average of 16 days on market in Jun 2024, up by 5% compared to last year.

Breakdown of Home Sale Times

63 Homes Were Sold
Under 30 Days

14 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 June 2024, 79 homes were sold in Danville; 80% of homes were sold within 30 days, 18% 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 26 Days Ago

Newest Listings in Danville, CA

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