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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Danville Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Danville Township was a Buyer's Market.

Key Takeaway

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

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

-$115,000(-75.2%)

Key Takeaway

Homes in Danville Township have sold for 75.2% less than they did a month ago.

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

# BEDSFeb 2024Mar 2024CHANGE
1 -$20K
N/A
2 -$20K
N/A
3 $148K$40K
-73.0%
4 $180K$169.9K
-5.6%
5+ --
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
-75.2%
Danville
-77.7%

Housing Supply in Danville Township, IL

How many homes are available in Danville Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4650+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

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 1317
+30.8%
3 1921
+10.5%
4 119
-18.2%
5+ 11
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 2024Mar 2024CHANGE
413+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Danville Township, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

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 2024Mar 2024CHANGE
65 Days115 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Danville Township are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

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

Report Updated 26 Days Ago

Newest Listings in Danville Township, IL

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