Is Danville, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Danville has remained a Seller's Market.
Housing Prices in Danville, IN
How much do homes in Danville, IN cost?
Median Sold Price
$290,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Danville was $290,000 in April 2024, up 5.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118K | $87.5K | -25.8% |
2 Bedrooms | $195.2K | $221K | +13.2% |
3 Bedrooms | $250K | $269.9K | +8.0% |
4 Bedrooms | $305.5K | $330K | +8.0% |
5+ Bedrooms | $440K | $450K | +2.3% |
Summary: Danville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.8%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
Danville | $274.9K | $290K | +5.5% |
Washington Township | $315K | $322.5K | +2.4% |
Center Township | $276.5K | $279.9K | +1.2% |
Avon | $327K | $330K | +0.9% |
Housing Supply in Danville, IN
How many homes are available in Danville, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 64 | -4.5% |
Summary: The Danville real estate market had 64 homes for sale in April 2024, a 4.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 35 | 32 | -8.6% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Danville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 27 | +92.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Danville in April 2024, up by 92.9% month-over-month. Of the 27 sold homes, 48% were sold under asking, 30% were sold at asking, and 22% were sold over asking.
Days on Market for Danville, IN
How long does it take to sell a home in Danville, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 31 Days | -21.2% |
Summary: Homes in Danville had an average of 31 days on market in Apr 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Danville; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.