Is Danvers, IL 61732 a buyer’s or seller’s market?
Danvers is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Danvers housing market right now
In the three months ending August 31, 2026, 0% of homes in Danvers, IL 61732 sold above their list price, the typical home went under contract in 4 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (57 days then) and the median sale price rose 12% to $209,909. Overall, Danvers is less competitive than a year ago, which gives buyers more room.
Within McLean County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Arrowsmith 61722 (100% sold over asking) and Shirley 61772 (100% sold over asking) are even more competitive.
Run the numbers for 61732
Nearby markets
Anchor 61720 $124 /sq ftArrowsmith 61722Seller’s market $114 /sq ftBellflower 61724Seller’s market $182 /sq ftBloomington 61701Seller’s market $114 /sq ft Browse all markets →Towns like Danvers nearby
Find towns like Danvers in other states →Where Danvers is
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Questions about Danvers real estate
Is Danvers a buyer’s or seller’s market?
A buyer’s market: there were 16 months of supply in Danvers, IL 61732 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Danvers?
The typical home went under contract in 4 days in the latest three months.
Do homes in Danvers sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Danvers?
About 2.17% of a home’s value a year in McLean County, or roughly $8,680 on a $400,000 home.
What is the median home price in Danvers?
The median sale price was $209,909 in the three months ending August 31, 2026, about $129 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology