Is Danforth, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Danforth is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Danforth, IL

How much do homes in Danforth, IL cost?

Median Sold Price

$105,000

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$28,950(-21.6%)

Key Takeaway

Homes in Danforth have sold for 21.6% less than they did a year ago.

Summary: The median home sold price in Danforth was $105,000 in March 2024, down 21.6% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $97.5K$105K
+7.7%
3 $143K$105K
-26.6%
4 $203K-
N/A
5+ $122.4K-
N/A

Summary: Danforth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 26.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Danforth
-21.6%
Danforth Township
-29.1%

Housing Supply in Danforth, IL

How many homes are available in Danforth, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
34+33.3%

Summary: The Danforth real estate market had 4 homes for sale in March 2024, a 33.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 11
0.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The Danforth housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Danforth, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Danforth in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Danforth, IL

How long does it take to sell a home in Danforth, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
49 Days74 Days+51.0%

Summary: Homes in Danforth had an average of 74 days on market in Mar 2024, up by 51% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Danforth has remained consistent over time.

Summary: During March 2024, 1 homes were sold in Danforth; 0% of homes were sold within 30 days, 100% 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 25 Days Ago

Newest Listings in Danforth, IL

Nearby Markets to Danforth, IL