$7,363 Closing Credit*
$620,000
1,910 SqFt
2 Beds
•2 Full Baths, 1 Partial
#73312691, Lori Talanian, Listing Office: William Raveis R.E. & Home Services
Is Danvers, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, MA
How much do homes in Danvers, MA cost?
Median Sold Price
$630,000
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,000(-0.9%)
Key Takeaway
Homes in Danvers have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Danvers was $630,000 in October 2024, down 0.9% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $302K | +9.8% |
| 2 Bedrooms | $467K | $512K | +9.6% |
| 3 Bedrooms | $620K | $647K | +4.4% |
| 4 Bedrooms | $765K | $815K | +6.5% |
| 5+ Bedrooms | $800K | $841.5K | +5.2% |
Summary: Danvers housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Peabody | $585K | $650K | +11.1% |
| Middleton | $825K | $867K | +5.1% |
| Topsfield | $825K | $858.7K | +4.1% |
| Danvers | $636K | $630K | -0.9% |
Housing Supply in Danvers, MA
How many homes are available in Danvers, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 66 | -7.0% |
Summary: The Danvers real estate market had 66 homes for sale in October 2024, a 7.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 19 | 14 | -26.3% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Danvers housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 26.3%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Danvers, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Danvers in October 2024, up by 8.3% month-over-month. Of the 26 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Danvers, MA
How long does it take to sell a home in Danvers, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 33 Days | +105.1% |
Summary: Homes in Danvers had an average of 33 days on market in Oct 2024, up by 105.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Danvers are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in Danvers; 73% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
