RE/MAX Accord's Market Report

Danville, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Danville, CA

Fri Apr 19 2019
This week the median list price for Danville, CA is $1,698,500 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has held steady at or around 134. Click here to stay informed with the Danville market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Danville, CA

Fri Apr 19 2019
This week the median list price for Danville, CA is $1,698,500 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has held steady at or around 134. Click here to stay informed with the Danville market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Danville market.
Median List Price $1,698,500
Per Square Foot $531
Days on Market 79
Price Decreased 28%
Price Increased 1%
Relisted 10%
Inventory 134
Median House Rent $3,800
Most Expensive $15,500,000
Least Expensive $449,000
Market Action Index
Slight Seller's Advantage
41

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
$3,288,888 5,880 1 - 2.5 acres 5 5 20 1 2 135
$2,100,000 4,359 0.25 - 0.5 acre 5 4 26 4 4 101
$1,477,450 2,978 8,000 - 10,000 sqft 4 3 29 8 8 44
$1,200,000 2,119 6,500 - 8,000 sqft 4 3 30 8 8 40