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Sunday, September 22, 2024

Rising home prices in Danville in the first half of 2022

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The median sale price of a home sold in the first half of 2022 in Danville rose by $38,000 while total sales increased by 20 percent, according to BlockShopper.com.

From January through June, there were six homes sold, with a median sale price of $130,500 - a 41.1 percent increase over the $92,500 median sale price for the same period of the previous year. There were five homes sold in Danville in the first half of 2021.

The median sales tax in Danville for the most recent year with available data, 2019, was $983, approximately 0.8 percent of the median home sale price for the first half of 2022.

The following table compares Danville to other Knox County cities in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Centerburg13944.4$235,000$140,00067.9
Apple Valley5676-26.3$235,000$175,00034.3
Gambier41300$201,500$165,00022.1
Fredericktown1925-24$164,000$115,00042.6
Mount Vernon83110-24.5$150,000$136,25010.1
Danville6520$130,500$92,50041.1

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