Is Danville, PA 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, PA
How much do homes in Danville, PA cost?
Median Sold Price
$237,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Danville have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Danville was $237,000 in May 2024, down 2.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171.4K | - | N/A |
| 2 Bedrooms | $143.5K | $169.1K | +17.9% |
| 3 Bedrooms | $230K | $233.9K | +1.7% |
| 4 Bedrooms | $394.5K | $355K | -10.0% |
| 5+ Bedrooms | $368K | $467.9K | +27.1% |
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 17.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 27.1%.
Median Sold Price Compared To Nearby Cities
| Danville | $243K | $237K | -2.5% |
| Mahoning Township | $309.5K | $285K | -7.9% |
Housing Supply in Danville, PA
How many homes are available in Danville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 86 | 75 | -12.8% |
Summary: The Danville real estate market had 75 homes for sale in May 2024, a 12.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 41 | 40 | -2.4% |
| 4 Bedrooms | 25 | 19 | -24.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
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 decreased by 57.1%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Danville, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Danville in May 2024, down by 13.6% month-over-month. Of the 19 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for Danville, PA
How long does it take to sell a home in Danville, PA?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 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, 19 homes were sold in Danville; 5% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
