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 February 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

$1,895,083

$752/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$58,758(+3.2%)

Key Takeaway

Homes in Danville have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Danville was $1,895,083 in February 2024, up 3.2% from last year, and the median price per square foot was $752.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $1.3M-
N/A
2 $950K$961K
+1.2%
3 $1.3M$1.3M
-3.8%
4 $2.1M$2.0M
-4.3%
5+ $2.5M$2.3M
-6.5%

Summary: Danville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 6.5%.

Median Sold Price Compared To Nearby Cities

Tassajara
+4.0%
Danville
+3.2%
Central Contra Costa
-4.0%
San Ramon
-8.0%

Housing Supply in Danville, CA

How many homes are available in Danville, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
78111+42.3%

Summary: The Danville real estate market had 111 homes for sale in February 2024, a 42.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 412
+200.0%
3 2625
-3.8%
4 1940
+110.5%
5+ 2934
+17.2%

Summary: The Danville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 110.5%, and 5+ bedroom homes increased by 17.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2535+40.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

20 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. 62.5% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in Danville in February 2024, up by 40.0% month-over-month. Of the 32 sold homes, 28% were sold under asking, 9% were sold at asking, and 63% 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

Feb 2023Feb 2024CHANGE
29 Days17 Days-40.5%

Summary: Homes in Danville had an average of 17 days on market in Feb 2024, down by 40.5% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 February 2024, 35 homes were sold in Danville; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% 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 28 Days Ago

Newest Listings in Danville, CA

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