Is Danvers, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$630,000
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Danvers have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Danvers was $630,000 in June 2024, up 2.4% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257K | $285K | +10.9% |
| 2 Bedrooms | $474.4K | $499.9K | +5.4% |
| 3 Bedrooms | $600K | $645K | +7.5% |
| 4 Bedrooms | $752K | $775K | +3.1% |
| 5+ Bedrooms | $760K | $840K | +10.5% |
Summary: Danvers housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Topsfield | $755K | $865K | +14.6% |
| Peabody | $585K | $620K | +6.0% |
| Danvers | $615K | $630K | +2.4% |
| Middleton | $825K | $815K | -1.2% |
Housing Supply in Danvers, MA
How many homes are available in Danvers, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 68 | 71 | +4.4% |
Summary: The Danvers real estate market had 71 homes for sale in June 2024, a 4.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 26 | 26 | 0.0% |
| 4 Bedrooms | 16 | 22 | +37.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Danvers housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Danvers, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Danvers in June 2024, down by 24.0% month-over-month. Of the 19 sold homes, 32% were sold under asking, 5% were sold at asking, and 63% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +2.5% |
Summary: Homes in Danvers had an average of 23 days on market in Jun 2024, up by 2.5% compared to last year.
Breakdown of Home Sale Times
15 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.
Summary: During June 2024, 19 homes were sold in Danvers; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
