Is Danville, KY 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.
Housing Prices in Danville, KY
How much do homes in Danville, KY cost?
Median Sold Price
$225,000
$79/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in Danville was $225,000 in March 2024, the same as last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $155K | $159K | +2.6% |
3 Bedrooms | $215K | $214.2K | -0.3% |
4 Bedrooms | $325K | $307.5K | -5.4% |
5+ Bedrooms | $358.2K | $417K | +16.4% |
Summary: Danville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 16.4%.
Housing Supply in Danville, KY
How many homes are available in Danville, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 89 | +14.1% |
Summary: The Danville real estate market had 89 homes for sale in March 2024, a 14.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 46 | 53 | +15.2% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 6 | 8 | +33.3% |
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 12.5%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Danville in March 2024, up by 12.5% month-over-month. Of the 18 sold homes, 50% were sold under asking, 44% were sold at asking, and 6% were sold over asking.
Days on Market for Danville, KY
How long does it take to sell a home in Danville, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 69 Days | +137.8% |
Summary: Homes in Danville had an average of 69 days on market in Mar 2024, up by 137.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Danville; 22% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.