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Danville Real Estate Prices And Market Stats

  • 131 Total For Sale
  • 17 New Listings
  • 1 Back On Market
  • 11 Price Change

There are currently 131 properties for sale and Danville real estate prices are between $514,500 and $7,999,800. The median price for homes that are currently for sale is $1,499,500. Homes are selling for about $556 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

$1,499,500

$514,500
Lowest Priced

$7,999,800
Highest Priced

Avg Price/SQFT

$556

$296
Lowest

$1,041
Highest

Avg DOM

44

Danville Residential Real Estate Analysis

October 2019 VS. October 2018

Detached Homes

Unit Sales

77 Sales 17% (66)

Median Sales Price

$1,400,000 4% ($1,352,500)

Avg $/sqft

$509 -5% ($533)

Average Days On Market

36 22% (29)

Selling/listing Price

98% 0% (98%)

Condos

Unit Sales

2 Sales 0% (2)

Median Sales Price

$1,249,000 113% ($586,000)

Avg $/sqft

$913 74% ($526)

Average Days On Market

16 39% (12)

Selling/listing Price

96% -4% (100%)

Townhomes

Unit Sales

9 Sales -18% (11)

Median Sales Price

$805,000 -6% ($857,500)

Avg $/sqft

$482 -2% ($490)

Average Days On Market

14 -54% (31)

Selling/listing Price

100% 3% (96%)

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

16.83 sold/week

total Currently for sale

112

Absorption Rate

6.65 weeks

Condos

Sales per Week

0.67 sold/week

total Currently for sale

5

Absorption Rate

7.50 weeks

Townhomes

Sales per Week

2.58 sold/week

total Currently for sale

10

Absorption Rate

3.87 weeks

All

Sales per Week

20.83 sold/week

total Currently for sale

131

Absorption Rate

6.29 weeks

Danville Real Estate Price trends

Key Insights
  • The monthly median selling price is on a 1 month price trend where property prices have increased 1%

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 $1,799,900 3,637 31 1985 0 62 Most Expensive 25% of properties
Upper/Second $1,415,000 2,917 17 1989 0 61 Upper-middle 25% of properties
Lower/Third $1,199,500 2,422 22 1986 0 62 Lower-middle 25% of properties
Bottom/Fourth $797,500 1,550 24 1980 0 61 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 (62) 3,281 - 6,137 $476 $1,755,000 42 1992
Upper-middle 25% sqft (61) 2,602 - 3,278 $483 $1,400,000 29 1986
Lower-middle 25% sqft (62) 1,866 - 2,600 $555 $1,217,500 9 1980
Smallest 25% sqft (61) 850 - 1,860 $583 $817,000 26 1980

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
Oct/2019 $1,299,000 22 $517 99.19%
Sep/2019 $1,275,000 36 $536 98.71%
Aug/2019 $1,299,000 21 $522 98.74%
Jul/2019 $1,288,500 14 $519 99.10%
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%

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 $649,000 $649,000 1,155 $561 $562
3 4 $682,500 $693,500 1,247 $559 $557
all 5 $649,000 $684,600 1,228 $558 $558

Detached - Single Family Homes

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
3 15 $1,225,000 $1,209,557 1,881 $628 $669
4 50 $1,469,000 $1,681,218 3,169 $518 $532
5 36 $2,074,400 $2,472,670 4,405 $513 $547
6 9 $2,880,000 $3,536,410 6,433 $550 $541
7 2 $6,499,900 $6,499,900 7,101 $918 $918
all 112 $1,636,500 $2,107,570 3,727 $547 $563

Duet

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 1 $749,900 $749,900 1,001 $749 $749
3 1 $899,950 $899,950 2,300 $391 $391
4 2 $914,000 $914,000 2,034 $456 $456
all 4 $899,475 $869,463 1,842 $456 $513

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 5 $635,000 $680,870 1,248 $522 $544
3 4 $794,500 $796,750 1,806 $435 $446
4 1 $899,500 $899,500 1,865 $482 $482
all 10 $772,000 $749,085 1,533 $504 $499