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

Housing Market Conditions



Gauge showing Danvers is a seller'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



Based on all homes sold in the last 12 months.

Difference Since March 2023


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
2 $465K$492.4K
3 $601.5K$615.2K
4 $750K$780K
5+ $775K$780K

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


Housing Supply in Danvers, MA

How many homes are available in Danvers, MA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

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
2 1210
3 1415
4 74
5+ 33

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

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

Newest Listings in Danvers, MA

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What housing markets are near Danvers, MA?