Single-Family Homes
Thu Feb 06 2025
This week the median list price for Danville, CA is $2,298,000 with the market action index hovering around 54. This is less than last month's market action index of 57. Inventory has increased to 45.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Median List Price | $2,298,000 | |
Median Price of New Listings | $2,046,500 | |
Per Square Foot | $865 | |
Average Days on Market | 80 | |
Median Days on Market | 21 | |
Price Decreased | 22% | |
Price Increased | 7% | |
Relisted | 22% | |
Inventory | 45 | |
Median Rent | ||
Market Action | 54 | |
Strong Seller's Market |
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$4,288,000 | 4,735 | 0.5 - 1 acre | 5 | 5 | 3 | 1 | 0 | 42 |
$2,794,000 | 3,500 | 0.25 - 0.5 acre | 4 | 3 | 38 | 3 | 1 | 49 |
$2,049,000 | 2,553 | 0.25 - 0.5 acre | 4 | 3 | 42 | 6 | 6 | 7 |
$1,737,450 | 1,966 | 4,500 - 6,500 sqft | 3 | 2 | 47 | 6 | 1 | 7 |