Market Intelligence Report — IL-180

Danville, IL

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

Ref. No: 2026-IL-07
As of the latest 2026 data
Cooling

Median Listing

$121K
+10.0% YoY

Pending Ratio

0.40
-2.5% YoY

Active Inventory

125
+23.2% YoY

Median DOM

41 Days
+11.6% YoY

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The Danville market is exhibiting cooling conditions, evidenced by a pending ratio of 0.40, indicating demand absorption is moderate relative to available inventory. Active listings have expanded by 23.2% over the past year, further contributing to a less constrained supply environment.

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.

The pending ratio currently stands at 0.40, reflecting a slight year-over-year decline of 2.5%. Inventory levels have significantly expanded, with active listings up 23.2% compared to the prior year, while new listings decreased by 25.6% over the same period. Median listing prices have increased by 10.0% year-over-year, and median days on market have lengthened by 11.6%, suggesting a slower pace of transaction. The share of price-reduced listings has also risen by 6.1% over the past year.

Historical Analysis

Market Trends

Median Price

$121K+12.3% MoM

Active Inventory

125+23.2% YoY

Days on Market

41+11.6% YoY

Sold Score™

47-2.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

47
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 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 0.40 and an increasing inventory of active listings, buyers may encounter a more deliberate pace in negotiations. The expanding supply reduces immediate pressure, potentially allowing for more price discipline. The lengthened median days on market further suggests a less urgent environment for transactions.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

125 active listings represent the current floor, with new supply arriving at roughly 64 per month.

Pricing Pressure
19.1%

of active listings carry a price reduction, +6.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +6.8% year-over-year.

Absorption
0.40

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Danville, IL? Homes here are taking 4 days longer to sell than last year.

Danville, IL is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
40%
Median Days on Market
41 days
Inventory YoY
+23%

Danville, IL is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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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