Is Danville, VA 24540 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Danville is a balanced market. With about 4.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.9Under 4 months = seller’s market

Sold above original list11.1%Share of sales, last 3 months

Median sale-to-list93.9%Sold price ÷ list price

Median days on market66Listing to accepted offer

Median price per sq ft$129▲ +34.6% vs. last year

Run the numbers for 24540

Prefilled for 24540Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24540Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Blairs 24527Buyer’s market $183 /sq ft Callands 24530Seller’s market $177 /sq ft Cascade 24069Balanced $60 /sq ft Chatham 24531Seller’s market $127 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology