$5,938 Closing Credit*
$500,000
3,690 SqFt
2 Beds
•2 Full Baths, 1 Partial
#20-98855, MARC NESPOLI, Listing Office: EXP Realty, LLC
Is Danville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Danville was a Seller's Market.
Key Takeaway
Danville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Danville, PA
How much do homes in Danville, PA cost?
Median Sold Price
$250,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+2.0%)
Key Takeaway
Homes in Danville have sold for 2% more than they did a year ago.
Summary: The median home sold price in Danville was $250,000 in November 2024, up 2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $115K | +4.5% |
| 2 Bedrooms | $163.4K | $169.9K | +4.0% |
| 3 Bedrooms | $230K | $240K | +4.3% |
| 4 Bedrooms | $415K | $307.2K | -26.0% |
| 5+ Bedrooms | $481.4K | $453K | -5.9% |
Summary: Danville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 26%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Danville | $245K | $250K | +2.0% |
| Mahoning Township | $312.1K | $285K | -8.7% |
Housing Supply in Danville, PA
How many homes are available in Danville, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 57 | -26.0% |
Summary: The Danville real estate market had 57 homes for sale in November 2024, a 26.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 37 | 29 | -21.6% |
| 4 Bedrooms | 22 | 13 | -40.9% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Danville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes decreased by 40.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 8 | -52.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Danville, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Danville in November 2024, down by 52.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Danville, PA
How long does it take to sell a home in Danville, PA?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Danville are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 8 homes were sold in Danville; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
