Is Danville Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Danville Township was a Buyer's Market.
Housing Prices in Danville Township, IL
How much do homes in Danville Township, IL cost?
Median Sold Price
$38,000
$33/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Danville Township was $38,000 in March 2024, down 75.2% from last month, and the median price per square foot was $33.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $20K | N/A |
2 Bedrooms | - | $20K | N/A |
3 Bedrooms | $148K | $40K | -73.0% |
4 Bedrooms | $180K | $169.9K | -5.6% |
5+ Bedrooms | - | - | N/A |
Summary: Danville Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 73%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Danville Township | $153K | $38K | -75.2% |
Danville | $130K | $29K | -77.7% |
Housing Supply in Danville Township, IL
How many homes are available in Danville Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 50 | +8.7% |
Summary: The Danville Township real estate market had 50 homes for sale in March 2024, a 8.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 13 | 17 | +30.8% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Danville Township 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 increased by 30.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 13 | +225.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Danville Township in March 2024, up by 225.0% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.
Days on Market for Danville Township, IL
How long does it take to sell a home in Danville Township, IL?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 115 Days | +75.3% |
Summary: Homes in Danville Township had an average of 115 days on market in Mar 2024, up by 75.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Danville Township; 15% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 69% of homes were sold over 90 days.