Is Danvers, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Danvers is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Danvers has remained a Seller's Market.

Key Takeaway

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

How much do homes in Danvers, MA cost?

Median Sold Price

$588,250

$336/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$61,991(+11.8%)

Key Takeaway

Homes in Danvers have sold for 11.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $217K$240K
+10.6%
2 $375K$420K
+12.0%
3 $540.6K$600K
+11.0%
4 $641K$705K
+10.0%
5+ $687.5K$770K
+12.0%

Median Sold Price Compared To Nearby Cities

Peabody
+16.3%
Middleton
+14.4%
Topsfield
+12.8%
Danvers
+11.8%

How many homes are available in Danvers, MA?

Number of Homes For Sale

Apr 2022May 2022%
6787+29.9%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 11
0.0%
2 2228
+27.3%
3 2934
+17.2%
4 916
+77.8%
5+ 68
+33.3%

Number of Homes Sold

Apr 2022May 2022%
1831+72.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Danvers, you could pay more than the asking price. 71% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
21 Days21 Days+0.9%

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Danvers are selling fast, if you're buying plan to act quickly.

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

About Danvers, MA

Danvers, MA has 87 homes for sale to choose from. Between April 2022 and May 2022, Danvers, MA real estate market has seen increase in the number of listings by 29.9%. The median list price of listings available in May 2022 was $588,250, while the average time on the real estate market was 21 days. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 10.6%, 2 bedrooms properties became 12% more expensive, the cost of 3 bedrooms properties went up by 11%, prices of 4 bedrooms properties increased by 10%, 5 bedrooms properties prices increased by 12%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes became 27.3% more available, number of 3 bedrooms homes increased by 17.2%, the quantity of 4 bedrooms homes went up by 77.8%, 5 bedrooms homes became 33.3% more available. Over 22 listings were sold over their listed price in May 2022 in Danvers, MA. In the same period over 9 listings were sold below the listed price and 0 listings were sold for the listed price.

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