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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Danvers Township is a seller's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Danvers Township was a Buyer's Market.

Key Takeaway

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

How much do homes in Danvers Township, IL cost?

Median Sold Price

$173,500

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$1,000(-0.6%)

Key Takeaway

Homes in Danvers Township have sold for 0.6% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $127K$140K
+10.2%
3 $158.9K$175K
+10.1%
4 $199.8K$225K
+12.6%
5+ $325K$187.5K
-42.3%

Median Sold Price Compared To Nearby Cities

Montgomery Township
+41.0%
Carlock
0.0%
Danvers Township
-0.6%

How many homes are available in Danvers Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
56+20.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 11
0.0%
5+ 01
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Danvers Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
38 Days8 Days-78.9%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Danvers Township, IL

Danvers Township, IL has 6 homes for sale to choose from. The number of listings in Danvers Township, IL increased by 20% between October 2022 and November 2022. The median list price of listings available in November 2022 was $173,500, while the average time on the real estate market was 8 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 10.2%, prices of 3 bedrooms properties increased by 10.1%, prices of 4 bedrooms properties went up by 12.6%, prices of 5 bedrooms properties decreased by 42.3%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes did not move, 5 bedrooms homes became 100% more available. While more than 0 listings in Danvers Township, IL in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below.