Is Danville, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Danville is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Danville was a Seller's Market.

Key Takeaway

Danville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Danville, PA

How much do homes in Danville, PA cost?

Median Sold Price

$260,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,250(+5.4%)

Key Takeaway

Homes in Danville have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Danville was $260,000 in September 2024, up 5.4% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $110K$365K
+231.8%
2 $160K$169.5K
+6.0%
3 $228.2K$250K
+9.5%
4 $445K$365K
-18.0%
5+ $495K$470K
-5.1%

Summary: Danville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 231.8%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes decreased by 5.1%.

Median Sold Price Compared To Nearby Cities

Danville
+5.4%
Mahoning Township
-15.7%

Housing Supply in Danville, PA

How many homes are available in Danville, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7864-17.9%

Summary: The Danville real estate market had 64 homes for sale in September 2024, a 17.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 20
-100.0%
2 45
+25.0%
3 4537
-17.8%
4 1817
-5.6%
5+ 95
-44.4%

Summary: The Danville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 17.8%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 44.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
187-61.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Danville, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Danville in September 2024, down by 61.1% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.

Days on Market for Danville, PA

We’re sorry, we don't have information for this market at the moment

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

Report Updated 30 Days Ago

Newest Listings in Danville, PA

Nearby Markets to Danville, PA