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DANVILLE, VA 24540

Real Estate Market Report
Buyer's Market
June 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 24540

Afton Hills · Beverly Park · Beverstone Park · Brentwood Park · Chatham Hills · Country Club West · Danville Estates · Donna Estates · Forest Hills · Major Court · Miller Park · Northbrook Park · Norwood Park · Pine Crest · Robinwood · Sandy Shores · Seminole Hills · Shadowwood Park · Sherwood Forest · Starmount Forest · Swain Acres · Tanglewydle · Temple Terrace · Virginia Hills · Windsor Heights · Woodbury Hills

Market Analysis

Data as of June 2026. Source: Realtor.com.

The DANVILLE, VA real estate market (24540) currently shows 173 active listings, with 33 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory has increased compared to last year, with 64 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 86 days on market compared to 55 days last year.

The median listing price has risen 29.2% year-over-year, from $178,000 to $229,900.

Whether you are buying or selling in DANVILLE, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 31,405  ·  Density: 161.6/mi²  ·  Median household income: $44,458

Typical home value: $128,661  ·  Homeownership: 59.3%

Market Overview

Active Listings
173
⇧ 58.7% vs 109 last year
Pending
33
19% pending ratio
Median Price
$229,900
⇧ 29.2% vs $178,000 last year
Average Price
$235,191
⇧ 10.9% vs $212,084 last year
Days on Market
86
⇧ 56.4% vs 55 days last year

Price Per Square Foot

Median $/sqft
$144
⇧ 17.1% vs $123/sqft last year
Median Home Size
1,344 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 173 this year vs 109 last year
  • Days on market: 86 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $229,900 (+29.2% YoY)
  • Average: $235,191 (+10.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.3 miles — 313 listings ($79,405,722 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24540Danville, VA 245400.0 mi110$21,971,840$169,675$199,744
24549Dry Fork, VA 245496.8 mi13$4,907,032$330,000$377,464
24586Ringgold, VA 245868.2 mi9$2,899,467$311,675$322,163
24566Keeling, VA 2456611.3 mi1$12,000$12,000$12,000
24069Cascade, VA 2406912.5 mi9$2,327,535$237,250$258,615
24531Chatham, VA 2453113.6 mi26$6,876,324$211,575$264,474
27212Blanch, NC 2721214.8 mi3$1,749,999$650,000$583,333
24054Axton, VA 2405415.7 mi7$1,130,108$161,444$161,444
24565Java, VA 2456519.6 mi1$349,900$349,900$349,900
27288Eden, NC 2728820.4 mi97$24,523,346$199,450$252,818
24520Alton, VA 2452021.8 mi4$3,399,800$849,950$849,950
24557Gretna, VA 2455723.4 mi31$8,938,571$236,725$288,341
24161Sandy Level, VA 2416124.3 mi2$319,800$159,900$159,900

Frequently Asked Questions

How many homes are for sale in DANVILLE, VA 24540?

As of June 2026, there are 173 active listings in DANVILLE, VA (zip code 24540), compared to 109 the prior year.

What is the median home price in DANVILLE, VA 24540?

The median listing price in DANVILLE, VA 24540 is $229,900 as of June 2026, a 29.2% increase from $178,000 the prior year.

How long do homes stay on the market in DANVILLE, VA?

Homes in DANVILLE, VA 24540 spend an average of 86 days on the market before going under contract, compared to 55 days the prior year.

Is it a seller's or buyer's market in DANVILLE, VA 24540?

Based on current inventory and days-on-market data as of June 2026, DANVILLE, VA 24540 is currently a Buyer's Market. Inventory has increased compared to last year, with 64 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 86 days on market compared to 55 days last year.

How much can I save on real estate commission in DANVILLE, VA?

With SELL123.com's maximum 3% commission, sellers in DANVILLE, VA 24540 save an estimated $4,598 compared to a typical 5% commission on the median listing price of $229,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.