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 October 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

$310,000

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,500(+4.6%)

Key Takeaway

Homes in Danville have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Danville was $310,000 in October 2024, up 4.6% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $97.5K$95K
-2.6%
2 $231K$177.5K
-23.2%
3 $262.5K$277K
+5.5%
4 $375K$335K
-10.7%
5+ $449.9K$365K
-18.9%

Summary: Danville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes decreased by 23.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 18.9%.

Median Sold Price Compared To Nearby Cities

Center Township
+8.5%
Avon
+8.1%
Washington Township
+6.4%
Danville
+4.6%

Housing Supply in Danville, IN

How many homes are available in Danville, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
89106+19.1%

Summary: The Danville real estate market had 106 homes for sale in October 2024, a 19.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 46
+50.0%
3 3945
+15.4%
4 2538
+52.0%
5+ 2016
-20.0%

Summary: The Danville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 52%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21210.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 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. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Danville in October 2024, the same as the previous month. Of the 21 sold homes, 48% were sold under asking, 38% were sold at asking, and 14% 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

Oct 2023Oct 2024CHANGE
30 Days40 Days+32.4%

Summary: Homes in Danville had an average of 40 days on market in Oct 2024, up by 32.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 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 October 2024, 21 homes were sold in Danville; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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

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