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The Danville housing market remains highly competitive, with homes typically receiving an average of three offers and selling within approximately 24 days. Last month, the median sale price for a home in Danville was $1.7 million, reflecting a 6.0% decrease compared to the previous year, while the median sale price per square foot was $771, down 1.8% year-over-year.
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Median Sale Price per Sq. Ft.
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Median Days on Market
In November 2024, Danville home prices saw a 6.0% year-over-year decline, with the median price settling at $1.7 million. Homes in the area now take an average of 24 days to sell, doubling the time on the market compared to 12 days last year, suggesting a slight cooling in buyer urgency. However, the number of homes sold rose to 44, a notable increase from 33 in November 2023, indicating sustained demand despite longer selling timelines and price adjustments. This could reflect increased inventory or shifting market dynamics favoring buyers.
Danville’s housing market is highly competitive, with homes typically selling in just 19 days and often receiving multiple offers, some with waived contingencies. On average, homes sell for around the list price and go under contract within 19 days. Particularly sought-after properties, known as “hot homes,” can sell for up to 3% above the list price and go pending in as little as 10 days, reflecting strong demand in this market.
In November 2024, Danville, CA, remained a strong seller's market, characterized by higher demand than the available housing inventory. This imbalance means buyers face significant competition, often resulting in multiple offers and quicker sales. For sellers, this environment creates an opportunity to secure favorable terms, potentially achieving near or above list prices. The limited supply of homes underscores the area's desirability and the ongoing appeal of Danville as a sought-after location for buyers.
Whether you have questions about the Danville housing market or are ready to explore available properties, our team is here to help. Let us guide you in finding the perfect home in this sought-after community. Reach out now to get started!
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