Is Danville, 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 was a Buyer's Market.
Housing Prices in Danville, IL
How much do homes in Danville, IL cost?
Median Sold Price
$29,000
$29/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Danville was $29,000 in March 2024, down 77.7% from last month, and the median price per square foot was $29.
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 | $39K | -73.6% |
4 Bedrooms | $130K | $169.9K | +30.7% |
5+ Bedrooms | - | - | N/A |
Summary: Danville 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 73.6%, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Newell Township | $130K | $149.9K | +15.3% |
Danville Township | $153K | $38K | -75.2% |
Danville | $130K | $29K | -77.7% |
Housing Supply in Danville, IL
How many homes are available in Danville, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 47 | +11.9% |
Summary: The Danville real estate market had 47 homes for sale in March 2024, a 11.9% 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 | 11 | 15 | +36.4% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Danville 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 36.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 12 | +300.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Danville in March 2024, up by 300.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.
Days on Market for Danville, IL
How long does it take to sell a home in Danville, IL?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 117 Days | +47.6% |
Summary: Homes in Danville had an average of 117 days on market in Mar 2024, up by 47.6% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Danville; 17% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.