Is Danville, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Danville has remained a Seller's Market.
Housing Prices in Danville, KY
How much do homes in Danville, KY cost?
Median Sold Price
$233,266
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Danville was $233,266 in April 2024, down 0.7% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $155K | $159K | +2.6% |
3 Bedrooms | $215K | $215.5K | 0.2% |
4 Bedrooms | $325K | $307.5K | -5.4% |
5+ Bedrooms | $358.2K | $521.2K | +45.5% |
Summary: Danville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 45.5%.
Housing Supply in Danville, KY
How many homes are available in Danville, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 93 | +6.9% |
Summary: The Danville real estate market had 93 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 51 | 50 | -2.0% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Danville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Danville in April 2024, the same as the previous month. Of the 20 sold homes, 75% were sold under asking, 10% were sold at asking, and 15% were sold over asking.
Days on Market for Danville, KY
How long does it take to sell a home in Danville, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 66 Days | +24.7% |
Summary: Homes in Danville had an average of 66 days on market in Apr 2024, up by 24.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Danville; 40% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.