Is Danville, IL 61834 a buyer’s or seller’s market?
Danville is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Danville housing market right now
In the three months ending August 31, 2026, 60% of homes in Danville, IL 61834 sold above their list price, the typical home went under contract in 23 days and there were 4.2 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 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 55%, homes sold faster (25 days then) and the median sale price fell 21% to $189,918. Overall, Danville is more competitive than a year ago, so tougher for buyers.
Within Vermilion County, homes here sell faster than in 94% of the county’s ZIP codes, and sell more often over asking than in 88%.
Nearby, buyers who want less competition could look at Sidell 61876 (0% sold over asking) or Potomac 61865 (0% sold over asking), while Rankin 60960 (100% sold over asking) and Fithian 61844 (100% sold over asking) are even more competitive.
Run the numbers for 61834
Nearby markets
Allerton 61810Buyer’s market $81 /sq ftAlvin 61811Seller’s market $176 /sq ftArmstrong 61812 — /sq ftBismarck 61814Balanced $129 /sq ft Browse all markets →Towns like Danville nearby
Find towns like Danville in other states →Where Danville is
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Questions about Danville real estate
Is Danville a buyer’s or seller’s market?
A balanced market: there were 4.2 months of supply in Danville, IL 61834 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 Danville?
The typical home went under contract in 23 days in the latest three months.
Do homes in Danville sell over asking?
60% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What are property taxes in Danville?
About 1.81% of a home’s value a year in Vermilion County, or roughly $7,240 on a $400,000 home.
What is the median home price in Danville?
The median sale price was $189,918 in the three months ending August 31, 2026, about $112 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