Market Intelligence Report — IL-180

Danville, IL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-IL-09
As of the latest 2026 data
Cooling

Median Listing

$127K
-0.2% YoY

Pending Ratio

0.32
+0.5% YoY

Active Inventory

150
+26.2% YoY

Median DOM

53 Days
+9.8% YoY

Primary Intelligence Tool — Sold Score™

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Danville, IL is currently categorized as Cooling, with a pending ratio of 0.32, indicating demand absorption is lagging behind available supply. Active listings have expanded significantly, increasing by 26.2% over the past year.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

5.4%+0.0 pp YoY

Unemployment rate · Dec 2024

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

72,337-1.3% YoY

Resident population · Jan 2022

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Danville market right now.

Inventory levels have seen substantial growth, with active listings rising 26.2% and new listings increasing 29.0% year-over-year. The median listing price has remained relatively stable, experiencing a slight contraction of 0.2% over the past year. Days on market have also lengthened by 9.8% year-over-year, while the share of price reductions has increased by 6.9% compared to the prior year.

Historical Analysis

Market Trends

Median Price

$127K+1.6% MoM

Active Inventory

150+26.2% YoY

Days on Market

53+9.8% YoY

Sold Score™

40+0.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

40
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.32, market conditions suggest a less urgent pace of demand absorption. The expansion in active listings creates more options for prospective buyers, potentially encouraging greater price discipline on the part of sellers. Elevated days on market and an increasing share of price reductions further indicate reduced pressure on available inventory.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

150 active listings represent the current floor, with new supply arriving at roughly 80 per month.

Pricing Pressure
26.1%

of active listings carry a price reduction, +6.9% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -0.5% year-over-year.

Absorption
0.32

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Danville, IL? Homes here are taking 5 days longer to sell than last year.

Buyers have leverage in Danville, IL. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
32%
Median Days on Market
53 days
Inventory YoY
+26%

In a buyer's market, strategy beats timing. See how your home scores in Danville, IL and what moves the number.

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Metro Demographics

Metro Area
Danville, IL
CBSA Code
19180
State
IL

ZIPs in Danville, IL

Sorted by active inventory · click a ZIP for its full report