Is Danvers, IL 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 April 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, IL

How much do homes in Danvers, IL cost?

Median Sold Price

$180,500

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$9,500(+5.6%)

Key Takeaway

Homes in Danvers have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Danvers was $180,500 in April 2024, up 5.6% from last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $160K$133K
-16.9%
3 $170K$180.5K
+6.2%
4 $157.5K$339.7K
+115.7%
5+ $286.2K$215K
-24.9%

Summary: Danvers housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 115.7%, and 5+ bedroom homes decreased by 24.9%.

Median Sold Price Compared To Nearby Cities

Danvers
+5.6%
Danvers Township
+4.0%

Housing Supply in Danvers, IL

How many homes are available in Danvers, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
78+14.3%

Summary: The Danvers real estate market had 8 homes for sale in April 2024, a 14.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 22
0.0%
3 34
+33.3%
4 11
0.0%
5+ 11
0.0%

Summary: The Danvers housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Danvers in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Danvers, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
37 Days4 Days-89.2%

Summary: Homes in Danvers had an average of 4 days on market in Apr 2024, down by 89.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 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 April 2024, 4 homes were sold in Danvers; 100% of homes were sold within 30 days, 0% 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 16 Days Ago

Newest Listings in Danvers, IL

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