Is Danvers, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | $217K | $240K | +10.6% |
| 2 Bedrooms | $375K | $420K | +12.0% |
| 3 Bedrooms | $540.6K | $600K | +11.0% |
| 4 Bedrooms | $641K | $705K | +10.0% |
| 5+ Bedrooms | $687.5K | $770K | +12.0% |
How many homes are available in Danvers, MA?
Number of Homes For Sale
| Apr 2022 | May 2022 | % |
|---|---|---|
| 67 | 87 | +29.9% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 28 | +27.3% |
| 3 Bedrooms | 29 | 34 | +17.2% |
| 4 Bedrooms | 9 | 16 | +77.8% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 18 | 31 | +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
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 2021 | May 2022 | % |
|---|---|---|
| 21 Days | 21 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
Key Takeaway
Many homes in Danvers are selling fast, if you're buying plan to act quickly.
