If you’re considering buying or selling a home in Danville, CA, it’s important to stay up-to-date with the latest housing market trends. Here’s a snapshot of the current market conditions in Danville, based on the latest housing data that I have compiled:
Homes for sale Danville, CA
There are currently 23 active listings for sale in Danville, with an average of 31 days on the market. This indicates a relatively balanced market between buyers and sellers. 31 days is the average, but well priced homes are selling in less than 7 days and receiving multiple offers.
Danville, CA home prices
The median sale price for homes sold in the past 30 days was $1,889,000, with an average of 66 days on the market. This represents an 18.0% increase in median sale price compared to the previous month, and a 9.5% decrease compared to the same period last year! The sale price per square foot was $771.99.
How much do homes in Danville, CA cost?
The median listing price for homes in Danville, CA was $1,985,000 in the past 30 days. This represents a 1.0% increase compared to the previous month, and a 4.5% increase compared to the same period last year. The listing price per square foot was $828.14.
Danville, CA Real Estate Market
The Danville housing market has been experiencing a steady increase in median listing prices, with a 4.5% increase compared to the same period last year. However, the median sale price has decreased by 9.5% compared to the same period last year. The average days on market for sold homes has decreased significantly by 50.0% compared to the previous month, indicating that homes are selling at a faster pace.
Is it a good time to buy a home in Danville, CA?
For buyers, the current market conditions in Danville offer a good opportunity to find a home at a relatively stable price. However, the market is competitive with an average of 31 days on the market for active listings, so it’s important to act quickly when you find a home you like.
Is a good time to sell a home in Danville, CA?
For those considering selling their home in Danville, CA, the increase in median listing prices over the past year suggests that there is indeed still a strong demand for homes in Danville. However, the decrease in median sale price compared to last year indicates that sellers may need to price their homes competitively to attract buyers, or they will end up “stale” and sitting on the market for quite some time, resulting in a lower sale price than they’d achieve if the homes were priced correctly from the beginning.
Curious how much your home in Danville, CA would sell for? Zillow and Redfin computer guesses are wildly inaccurate, especially now, in the current housing market! Give me a ring, or shoot me an email and I’ll provide you with a free Comparative Market Analysis (CMA) specific to your home!