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 March 2023

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.

Housing Prices in Danvers, MA

How much do homes in Danvers, MA cost?

Median Sold Price

$627,666

$365/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$14,370(+2.3%)

Key Takeaway

Homes in Danvers have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Danvers was $627,666 in March 2024, up 2.3% from last year, and the median price per square foot was $365.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $260K$288K
+10.8%
2 $465K$492.4K
+5.9%
3 $601.5K$615.2K
+2.3%
4 $750K$780K
+4.0%
5+ $775K$780K
+0.6%

Summary: Danvers housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Cities

Topsfield
+9.6%
Peabody
+5.7%
Middleton
+4.4%
Danvers
+2.3%

Housing Supply in Danvers, MA

How many homes are available in Danvers, MA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3835-7.9%

Summary: The Danvers real estate market had 35 homes for sale in March 2024, a 7.9% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 1210
-16.7%
3 1415
+7.1%
4 74
-42.9%
5+ 33
0.0%

Summary: The Danvers housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1512-20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Danvers, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Danvers in March 2024, down by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.

Days on Market for Danvers, MA

How long does it take to sell a home in Danvers, MA?

Average Sale Time

Mar 2023Mar 2024CHANGE
54 Days27 Days-48.9%

Summary: Homes in Danvers had an average of 27 days on market in Mar 2024, down by 48.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Summary: During March 2024, 12 homes were sold in Danvers; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 12 Days Ago

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