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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Danville is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Danville has remained a Seller's Market.

Key Takeaway

Danville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$15,010(+5.5%)

Key Takeaway

Homes in Danville have sold for 5.5% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $118K$87.5K
-25.8%
2 $195.2K$221K
+13.2%
3 $250K$269.9K
+8.0%
4 $305.5K$330K
+8.0%
5+ $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
+5.5%
Washington Township
+2.4%
Center Township
+1.2%
Avon
+0.9%

Housing Supply in Danville, IN

How many homes are available in Danville, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6764-4.5%

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

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 68
+33.3%
3 3532
-8.6%
4 1617
+6.3%
5+ 97
-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 2024Apr 2024CHANGE
1427+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Danville, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
39 Days31 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Danville are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 5 Days Ago

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