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Danville Real Estate Prices And Market Stats

  • 156 Total For Sale
  • 21 New Listings
  • 4 Back On Market
  • 19 Price Change

There are currently 156 properties for sale and Danville real estate prices are between $699,000 and $7,999,800. The median price for homes that are currently for sale is $1,591,500. Homes are selling for about $542 per square foot. If you are serious about buying a home, we highly recommend setting up a market watch notification so you don't miss out.

Median Price

$1,591,500

$699,000
Lowest Priced

$7,999,800
Highest Priced

Avg Price/SQFT

$542

$350
Lowest

$1,103
Highest

Avg DOM

43

Danville Residential Real Estate Analysis

August 2019 VS. August 2018

Detached Homes

Unit Sales

69 Sales 0% (69)

Median Sales Price

$1,340,000 -3% ($1,375,000)

Avg $/sqft

$534 -4% ($556)

Average Days On Market

40 42% (28)

Selling/listing Price

97% -2% (99%)

Condos

Unit Sales

1 Sales -50% (2)

Median Sales Price

$680,000 -18% ($826,500)

Avg $/sqft

$455 -19% ($563)

Average Days On Market

6 33% (5)

Selling/listing Price

99% -6% (106%)

Townhomes

Unit Sales

17 Sales 6% (16)

Median Sales Price

$740,500 -4% ($767,500)

Avg $/sqft

$480 -9% ($528)

Average Days On Market

27 154% (11)

Selling/listing Price

92% -11% (102%)

Danville Sales Rate (Absortion Rate)

This is a measure, in weeks, of how long it would take to sell all of the existing properties currently for sale in Danville based on the recent historic rate of sales. It is calculated by dividing the number of active listings by the run-rate of sales for properties in Danville over the last months years. It does not account for seasonal variance, which can be significant. Normally the run rate will accelerate in the spring/summer and slow down in the fall/winter. This means that in a "normal year" the trends will slightly over state the index in the spring/summer and understate it in the fall/winter. Basically, this measure attempts to place the current inventory into the context of whether it is a Buyer's, Seller's or Balanced market. Buyer's market is over 16 weeks and a seller's market is under 16 weeks.

Detached Homes

Sales per Week

16.33 sold/week

total Currently for sale

133

Absorption Rate

8.14 weeks

Condos

Sales per Week

0.67 sold/week

total Currently for sale

2

Absorption Rate

3.00 weeks

Townhomes

Sales per Week

3.33 sold/week

total Currently for sale

14

Absorption Rate

4.20 weeks

All

Sales per Week

21.17 sold/week

total Currently for sale

156

Absorption Rate

7.37 weeks

Danville Real Estate Price trends

Key Insights
  • The monthly median selling price is on a 2 month price trend where property prices have decreased -3%

The real estate price trend chart shows the median selling prices for homes over time. A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the "noise" from random short-term price fluctuations. Use this chart with the inventory chart to determine if prices for homes will be going up or down.

Home Price Quartiles

Looking at the market in quartiles, where each quartile is 25% of home, ordered by price

Quartile Median Price Avg. Sqft Avg. DOM Avg Year Built New Listings Total Listings
Top/First $1,800,000 3,912 21 1985 0 63 Most Expensive 25% of properties
Upper/Second $1,368,000 2,860 13 1988 0 62 Upper-middle 25% of properties
Lower/Third $1,150,000 2,140 17 1982 0 63 Lower-middle 25% of properties
Bottom/Fourth $797,500 1,536 13 1982 0 62 Least expensive 25% of properties

Danville Price Per Square Foot Trends

The median and average square foot price trends. The square foot price is one of the best ways to get a good rough estimate of your homes worth.

Danville Home SQFT Price Quartiles

If you try to use the average cost per foot to determine the approximate fair market value (FMV) of another property, you should be careful to understand a few key issues. First, the cost per foot tends to decrease as properties increase in size. In other words, the most expensive homes in Danville, on a cost per foot basis, will tend to be the smallest properties. This is because economies of scale make larger properties less expensive on a cost per foot basis. You should adjust the cost per foot up or down if the subject property is smaller or larger than the average sized home in Danville. The Home SQFT Price Quartiles chart helps give you a better understanding of sqft price and home size.

Quartile (# Listings) Sqft Range Avg. Sqft Price Median Price Avg. DOM Avg Year Built
Largest 25% sqft (63) 3,300 - 9,955 $478 $1,792,000 27 1992
Upper-middle 25% sqft (62) 2,421 - 3,287 $507 $1,337,500 15 1985
Lower-middle 25% sqft (63) 1,769 - 2,391 $560 $1,150,000 12 1983
Smallest 25% sqft (62) 990 - 1,768 $578 $802,500 13 1977

Danville Real Estate Inventory - Monthly Active, Pending and Sold Activity

The real estate inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each month (pending) and sold each month. This chart is good at determining the supply and demand of properties. When trying to find trends in home prices, I look at the number of the new home listings and the current price trends.

Date Median Price DOM Avg $/sqft Sales Ratio
Aug/2019 $1,299,000 21 $524 98.76%
Jul/2019 $1,278,000 14 $521 99.21%
Jun/2019 $1,232,000 13 $547 99.98%
May/2019 $1,299,444 12 $535 99.84%
Apr/2019 $1,318,000 14 $536 99.33%
Mar/2019 $1,288,000 11 $537 99.34%
Feb/2019 $1,299,000 15 $509 99.70%
Jan/2019 $1,282,000 39 $531 98.02%
Dec/2018 $1,259,000 26 $520 98.52%
Nov/2018 $1,139,000 19 $493 98.92%
Oct/2018 $1,299,450 13 $527 98.47%
Sep/2018 $1,268,500 13 $530 100.64%
Aug/2018 $1,299,000 9 $551 100.44%

Complete Residential Inventory

Below is all the properties currently for sale in Danville, sorted by number of bedrooms.

Condo

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 1 $1,198,000 $1,198,000 1,306 $917 $917
3 1 $725,000 $725,000 1,292 $561 $561
all 2 $961,500 $961,500 1,299 $739 $739

Detached - Single Family Homes

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 1 $759,900 $759,900 1,001 $759 $759
3 11 $1,499,000 $1,386,491 2,066 $603 $683
4 59 $1,549,000 $1,750,739 3,257 $514 $530
5 49 $1,899,000 $2,330,315 4,347 $484 $529
6 11 $3,150,000 $3,605,077 6,639 $542 $541
7 2 $6,699,900 $6,699,900 9,471 $720 $720
all 133 $1,675,000 $2,154,481 3,916 $514 $548

Duet

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
3 4 $864,475 $869,488 1,762 $501 $498
4 3 $858,000 $878,667 1,651 $520 $534
all 7 $858,000 $873,421 1,714 $512 $513

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 2 $774,500 $774,500 1,632 $474 $474
3 11 $820,000 $807,636 1,702 $493 $480
4 1 $1,098,000 $1,098,000 2,782 $394 $395
all 14 $822,500 $823,643 1,769 $474 $473