RE/MAX Accord's Market Report

Danville, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Danville, CA

Wed May 22 2024
This week the median list price for Danville, CA is $2,770,000 with the market action index hovering around 64. This is less than last month's market action index of 66. Inventory has increased to 68. Click here to stay informed with the Danville market!

Market Action Index

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.

Danville, CA

Wed May 22 2024
This week the median list price for Danville, CA is $2,770,000 with the market action index hovering around 64. This is less than last month's market action index of 66. Inventory has increased to 68. Click here to stay informed with the Danville market!

Market Action Index

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.

Real-Time Market Profile

Never miss important changes in the Danville market.
Median List Price $2,770,000
Median Price of New Listings $2,749,900
Per Square Foot $822
Average Days on Market 59
Median Days on Market 28
Price Decreased 24%
Price Increased 1%
Relisted 7%
Inventory 68
Median Rent
Market Action 64
Strong Seller's Market

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,649,000 5,587 1 - 2.5 acres 5 6 26 1 2 56
$3,388,000 3,800 0.5 - 1 acre 4 4 28 4 3 28
$2,499,900 3,316 0.25 - 0.5 acre 4 3 37 2 5 21
$1,850,000 2,244 0.25 - 0.5 acre 4 3 48 4 10 14