Is Danville, VA 24540 a buyer’s or seller’s market?

The Danville housing market right now

In the three months ending August 31, 2026, 11% of homes in Danville, VA 24540 sold above their list price, the typical home went under contract in 66 days and there were 4.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 83 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 15%, homes sold more slowly (56 days then) and the median sale price rose 46% to $194,916. Overall, Danville is less competitive than a year ago, which gives buyers more room.

Within Pittsylvania County, homes here sell more slowly than in 54% of the county’s ZIP codes, and sell less often over asking than in 54%. On our competition score, Danville ranks #346 of 358 VA ZIP codes with enough sales (score 17 out of 100).

Nearby, buyers who want less competition could look at Keeling 24566 (0% sold over asking) or Dry Fork 24549 (0% sold over asking), while Long Island 24569 (100% sold over asking) and Blairs 24527 (50% sold over asking) are even more competitive.