Is Danville, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Danville has remained a Seller's Market.
Key Takeaway
Danville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Danville, CA
How much do homes in Danville, CA cost?
Median Sold Price
$1,944,808
$762/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Danville have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Danville was $1,944,808 in May 2024, up 9.9% from last year, and the median price per square foot was $762.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $940K | $952K | +1.3% |
| 3 Bedrooms | $1.3M | $1.3M | +6.9% |
| 4 Bedrooms | $1.9M | $2.0M | +2.7% |
| 5+ Bedrooms | $2.3M | $2.6M | +12.2% |
Summary: Danville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Tassajara | $1.5M | $1.8M | +18.7% |
| Danville | $1.7M | $1.9M | +9.9% |
| San Ramon | $1.4M | $1.5M | +4.1% |
| Central Contra Costa | $979.5K | $1.0M | +2.1% |
Housing Supply in Danville, CA
How many homes are available in Danville, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 189 | 214 | +13.2% |
Summary: The Danville real estate market had 214 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 37 | 50 | +35.1% |
| 4 Bedrooms | 75 | 82 | +9.3% |
| 5+ Bedrooms | 60 | 65 | +8.3% |
Summary: The Danville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 35.1%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 68 | -4.2% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Danville, you could pay more than the asking price. 56.1% of homes here sold above asking price last month.
Summary: A total of 68 homes were sold or pending in Danville in May 2024, down by 4.2% month-over-month. Of the 66 sold homes, 35% were sold under asking, 9% were sold at asking, and 56% were sold over asking.
Days on Market for Danville, CA
How long does it take to sell a home in Danville, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 12 Days | -21.5% |
Summary: Homes in Danville had an average of 12 days on market in May 2024, down by 21.5% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Danville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 68 homes were sold in Danville; 93% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.