Is Danville, IL a buyer's market or a seller's market?
Danville, IL is a seller's market right now. There are 130 homes for sale, and at the current pace of sales it would take about 2.4 months to sell all of them.
The rule of thumb agents use: under three months of homes for sale favors sellers, over five months favors buyers, and in between is a fair fight. Danville, IL sits at 2.4.
There are more buyers than homes for sale. Sellers have the edge. The typical home took 31 days to go under contract, and 35% of sales closed above the asking price.
The number of homes for sale is 18% higher than a year ago. More choice for buyers means more competition between sellers.
Source: Redfin's published market data for the Danville, IL area, through May 2026.
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More about the Danville, IL market
- When is the best month to sell a house in Danville, IL?
- How long does it take to sell a house in Danville, IL?
- Do homes sell above asking price in Danville, IL?
- Are home prices going up or down in Danville, IL?
- How many homes are for sale in Danville, IL?
- All Danville, IL housing numbers
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Figures come from Redfin's published market data for the Danville, IL area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.