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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Danvers is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Danvers, IL

How much do homes in Danvers, IL cost?

Median Sold Price

$200,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,750(+8.0%)

Key Takeaway

Homes in Danvers have sold for 8% more than they did a year ago.

Summary: The median home sold price in Danvers was $200,000 in November 2024, up 8% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $120K$325K
+170.8%
3 $178.7K$175K
-2.1%
4 $222.5K$224.7K
+1.0%
5+ $300K$660K
+120.0%

Summary: Danvers housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 170.8%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 120%.

Median Sold Price Compared To Nearby Cities

Danvers
+8.0%
Danvers Township
+5.3%

Housing Supply in Danvers, IL

How many homes are available in Danvers, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
550.0%

Summary: The Danvers real estate market had 5 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 11
0.0%
4 32
-33.3%
5+ 11
0.0%

Summary: The Danvers housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Danvers, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Danvers in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
11 Days195 Days+1625.0%

Summary: Homes in Danvers had an average of 195 days on market in Nov 2024, up by 1625% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Danvers; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 9 Days Ago

Newest Listings in Danvers, IL

Nearby Markets to Danvers, IL