$7,113 Closing Credit*
$599,000
1,971 SqFt
3 Beds
•1 Full Bath
#73319820, Maureen Gaeta, Listing Office: MP Realty Group
Is Danvers, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$625,000
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,000(-2.2%)
Key Takeaway
Homes in Danvers have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Danvers was $625,000 in November 2024, down 2.2% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $278.5K | $303.5K | +9.0% |
| 2 Bedrooms | $471.7K | $513.5K | +8.9% |
| 3 Bedrooms | $620K | $650K | +4.8% |
| 4 Bedrooms | $765K | $825K | +7.8% |
| 5+ Bedrooms | $780K | $841.5K | +7.9% |
Summary: Danvers housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Peabody | $586.6K | $650K | +10.8% |
| Topsfield | $835K | $890K | +6.6% |
| Middleton | $825K | $850K | +3.0% |
| Danvers | $639K | $625K | -2.2% |
Housing Supply in Danvers, MA
How many homes are available in Danvers, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 45 | -31.8% |
Summary: The Danvers real estate market had 45 homes for sale in November 2024, a 31.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 1 | -75.0% |
| 2 Bedrooms | 13 | 7 | -46.2% |
| 3 Bedrooms | 24 | 18 | -25.0% |
| 4 Bedrooms | 20 | 13 | -35.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Danvers housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes decreased by 46.2%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 35%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 15 | -44.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Danvers, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Danvers in November 2024, down by 44.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 19 Days | -21.0% |
Summary: Homes in Danvers had an average of 19 days on market in Nov 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 November 2024, 15 homes were sold in Danvers; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
