Is Danville Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Danville Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Danville Township has remained a Seller's Market.

Key Takeaway

Danville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Danville Township, IL

How much do homes in Danville Township, IL cost?

Median Sold Price

$94,500

$91/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$57,000(+152.0%)

Key Takeaway

Homes in Danville Township have sold for 152% more than they did a month ago.

Summary: The median home sold price in Danville Township was $94,500 in April 2024, up 152% from last month, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 $20K-
N/A
2 $28.7K$10.1K
-64.9%
3 $40K$180.3K
+350.9%
4 $169.9K$118.7K
-30.1%
5+ --
N/A

Summary: Danville Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 64.9%, 3 bedroom homes increased by 350.9%, 4 bedroom homes decreased by 30.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Danville
+276.0%
Danville Township
+152.0%
Tilton
-92.5%

Housing Supply in Danville Township, IL

How many homes are available in Danville Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4338-11.6%

Summary: The Danville Township real estate market had 38 homes for sale in April 2024, a 11.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 159
-40.0%
3 1718
+5.9%
4 89
+12.5%
5+ 11
0.0%

Summary: The Danville Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
157-53.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Danville Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Danville Township in April 2024, down by 53.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Danville Township, IL

How long does it take to sell a home in Danville Township, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
100 Days45 Days-54.8%

Summary: Homes in Danville Township had an average of 45 days on market in Apr 2024, down by 54.8% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Danville Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 7 homes were sold in Danville Township; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Danville Township, IL

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