RE/MAX Accord's Market Report

Danville, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Danville, CA

Wed Oct 04 2023
This week the median list price for Danville, CA is $2,497,950 with the market action index hovering around 54. This is less than last month's market action index of 56. Inventory has decreased to 50. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Oct 04 2023
This week the median list price for Danville, CA is $2,497,950 with the market action index hovering around 54. This is less than last month's market action index of 56. Inventory has decreased to 50. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $2,497,950
Median Price of New Listings $2,124,500
Per Square Foot $858
Average Days on Market 95
Median Days on Market 56
Price Decreased 44%
Price Increased 0%
Relisted 20%
Inventory 50
Median Rent
Market Action 54
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$5,625,000 5,822 0.5 - 1 acre 5 6 5 0 0 98
$3,136,500 3,813 0.5 - 1 acre 4 4 27 3 2 94
$2,198,000 2,888 0.25 - 0.5 acre 4 3 38 5 4 14
$1,799,000 2,108 0.25 - 0.5 acre 4 3 47 4 4 28