Is Danville, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Danville has remained a Seller's Market.
Key Takeaway
Danville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Danville, IN
How much do homes in Danville, IN cost?
Median Sold Price
$299,500
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Danville have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Danville was $299,500 in March 2024, up 9.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $87.5K | -25.8% |
| 2 Bedrooms | $195.2K | $229K | +17.3% |
| 3 Bedrooms | $250K | $274K | +9.6% |
| 4 Bedrooms | $307.7K | $330K | +7.2% |
| 5+ Bedrooms | $439.9K | $450K | +2.3% |
Summary: Danville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.8%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Danville | $272.5K | $299.5K | +9.9% |
| Center Township | $275K | $280K | +1.8% |
| Washington Township | $315.4K | $320.2K | +1.5% |
| Avon | $330.6K | $326.5K | -1.3% |
Housing Supply in Danville, IN
How many homes are available in Danville, IN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 58 | +3.6% |
Summary: The Danville real estate market had 58 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 7 | 7 | 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 50%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Danville, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Danville in March 2024, down by 18.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% were sold over asking.
Days on Market for Danville, IN
How long does it take to sell a home in Danville, IN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 1 Days | -94.5% |
Summary: Homes in Danville had an average of 1 days on market in Mar 2024, down by 94.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Danville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Danville; 54% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.