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Danville, VA 24540 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Danville, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.03
ActiveActive listings: 6464PendingPending sales: 22
Danville, VA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $123k$123kSoldMedian sold price (last 6 months): $150k$150k
What homes actually sell for in Danville, VA
Distribution of 182 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $80k to $250k
$28k to $80k: 36 sales36sales$28k$80k to $132k: 32 sales$132k to $184k: 28 sales$132k$184k to $236k: 28 sales$236k to $288k: 14 sales$236k$288k to $340k: 16 sales$340k to $392k: 3 sales$340k$392k to $444k: 6 salesMedian $150k

What the numbers say

As of September 14, 2026, Resideline is tracking 64 active listings and 2 pending sales in ZIP code 24540. That pending-to-active ratio of 0.03 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $122,950, while the median of the 182 closed sales Resideline tracked over the last six months was $150,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 24540 for 68 days.

Frequently asked questions

What is the median home price in 24540?

The median closed sale price in Danville, VA 24540 was $150,000 over the last six months, based on 182 closed sales tracked by Resideline. The middle half of those sales ranged from $80,000 to $249,900.

Is 24540 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 64 active listings in 24540, a pending-to-active ratio of 0.03. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 24540 currently looks like a balanced market.

Nearby ZIP code market data

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