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Featured local agent — Danville, VA
Sarah Mitchell
Compass Real Estate · Danville, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Danville, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$195,000median sale price
How is the Danville, VA housing market right now?
The median home sale price in Danville, VA is $195,000, up 27.5% year-over-year. Homes sell in an average of 70 days with 208 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Danville a buyer's or seller's market?
Danville, VA is currently a buyer's market, based on 5.5 months of supply and homes selling in about 70 days. How we determine this →
Homes sold
38
Last 12 weeks
Days on market
70
Average pace
Active listings
208
5.5 months supply
Sale-to-list
95.6%
Below asking
What does the Danville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $195,000 |
| Median list price | $194,500 |
| Year-over-year price change | +27.5% |
| Average days on market | 70 days |
| Active inventory | 208 listings |
| Months of supply | 5.5 months |
| Sale-to-list price ratio | 95.6% |
| Median price per sq ft | $108/sq ft |
| Homes sold (latest month) | 38 |
| New listings (latest month) | 50 |
| Listings with a price cut | 24.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Danville by property type?
How the Danville, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $195,000 | $108/sq ft | 38 | 70 days |
| Condo / Co-op | $80,000 | — | 1 | 43 days |
Source: Redfin · Updated monthly
The Danville housing market is currently classified as a buyer's market with a median sale price of $195,000. Prices have risen 27.5% compared to last year, with homes spending an average of 70 days on market, indicating 5.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Danville
There are currently 208 homes listed for sale in Danville, Virginia. The median listing price is $195K.
Active listings
208
Homes on market
Median list price
$195K
Avg. days on market
70
Days until sale
New this week
50
Newly listed
Who lives in Danville?
Population
42,239
Median income
$42,778/yr
Median age
40.8 years
Owner-occupied
49.0%
College grads
18.3%
Avg commute
20.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Danville?
Zillow home value
$160,922
Zillow rent index
$1,167/mo
Price-to-rent ratio
11.5x
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Danville?
Danville is a community of approximately 42K residents with a median age of 40.8 years.The median household income is $42,778, which represents a working-class community with solid middle-income opportunities. 18.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 49.0%, showing a blend of owner and renter-occupied properties. The average commute time is 20.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Danville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Danville?
18 schools tracked · 6,854 students
The largest public schools serving Danville, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
George Washington High
Grades 9-12 · 1,288 students
Twin Springs Elementary
Grades PK-5 · 643 students
G.L.H. Johnson Elementary
Grades K-5 · 605 students
O. Trent Bonner Middle
Grades 6-8 · 573 students
Westwood Middle
Grades 6-8 · 554 students
Schoolfield Elementary
Grades K-5 · 529 students
Edwin A. Gibson Elementary
Grades K-5 · 463 students
Stony Mill Elementary
Grades PK-5 · 405 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Danville, VA?
Want a head-to-head view? Compare Danville side-by-side with any other U.S. city using our market-comparison tool.
Is Danville a good real estate investment market?
For investors evaluating Danville, the price-to-rent ratio of 11.5x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 27.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Danville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Danville's median home price.
Frequently asked questions
What is the average home price in Danville?
The median home sale price in Danville is $195,000, up 27.5% from last year.
How long do homes stay on market in Danville?
Homes typically spend 70 days on market before going under contract.
What is the median income in Danville?
The median household income is $42,778 per year.
Is Danville a buyer's or seller's market?
With 5.5 months of supply, Danville is currently a buyer's market.
What is the Zillow home value estimate for Danville?
The Zillow Home Value Index (ZHVI) for Danville is $160,922, representing the typical home value in the area.
What is the median condo price in Danville?
The median condo/co-op sale price in Danville, VA is $80,000, compared to $195,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Danville?
The median single-family home price in Danville, VA is $195,000 (about $108 per square foot).
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