How much house does $500,000 buy you in Danville?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Danville?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Danville right now. Listings below $500,000 were included if necessary.
301 N Main St, Fithian, IL 61844
- Price: $239,900
- 6 bedrooms, 2 bathrooms
- Square feet: 2,862
- See 301 N Main St, Fithian, IL 61844 on Redfin.com
1210 Lakeridge Ct, Danville, IL 61832
- Price: $280,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 5,950
- See 1210 Lakeridge Ct, Danville, IL 61832 on Redfin.com
1203 Lakeridge Ct, Danville, IL 61832
- Price: $399,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,339
- See 1203 Lakeridge Ct, Danville, IL 61832 on Redfin.com
221 E 5Th Ave, Rankin, IL 60960
- Price: $194,900
- 5 bedrooms, 2.5 bathrooms
- Square feet: 1,956
- See 221 E 5Th Ave, Rankin, IL 60960 on Redfin.com
1216 N Logan Ave, Danville, IL 61832
- Price: $349,900
- 4 bedrooms, 4 bathrooms
- Square feet: 4,492
- See 1216 N Logan Ave, Danville, IL 61832 on Redfin.com
52 Maywood Dr, Danville, IL 61832
- Price: $255,000
- 4 bedrooms, 4 bathrooms
- Square feet: 2,924
- See 52 Maywood Dr, Danville, IL 61832 on Redfin.com
15380 N 1090 East Rd, Catlin, IL 61817
- Price: $499,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,919
- See 15380 N 1090 East Rd, Catlin, IL 61817 on Redfin.com
301 Eagle Bluff Dr, Oakwood, IL 61858
- Price: $287,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,039
- See 301 Eagle Bluff Dr, Oakwood, IL 61858 on Redfin.com
27007 Shake Rag Rd, Danville, IL 61834
- Price: $499,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,928
- See 27007 Shake Rag Rd, Danville, IL 61834 on Redfin.com
16 Lincolnshire Ave, Danville, IL 61832
- Price: $394,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,979
- See 16 Lincolnshire Ave, Danville, IL 61832 on Redfin.com
5983 E 1880 North Rd, Fithian, IL 61844
- Price: $199,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,236
- See 5983 E 1880 North Rd, Fithian, IL 61844 on Redfin.com
20800 N 920 East Rd, Oakwood, IL 61858
- Price: $307,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,134
- See 20800 N 920 East Rd, Oakwood, IL 61858 on Redfin.com
3142 Cobblestone Ln, Danville, IL 61832
- Price: $255,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,004
- See 3142 Cobblestone Ln, Danville, IL 61832 on Redfin.com
103 Jones St, Catlin, IL 61817
- Price: $195,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,900
- See 103 Jones St, Catlin, IL 61817 on Redfin.com
309 N Market St, Hoopeston, IL 60942
- Price: $185,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,628
- See 309 N Market St, Hoopeston, IL 60942 on Redfin.com
16322 Shangri La Rd, Oakwood, IL 61858
- Price: $270,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,000
- See 16322 Shangri La Rd, Oakwood, IL 61858 on Redfin.com
16322 Shangri La Rd, Oakwood, IL 61858
- Price: $275,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,000
- See 16322 Shangri La Rd, Oakwood, IL 61858 on Redfin.com
20643 E 1200 North Rd, Danville, IL 61834
- Price: $319,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,190
- See 20643 E 1200 North Rd, Danville, IL 61834 on Redfin.com
36950 Sally Ct, Hoopeston, IL 60942
- Price: $279,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,808
- See 36950 Sally Ct, Hoopeston, IL 60942 on Redfin.com
1512 Oak St, Danville, IL 61832
- Price: $175,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,130
- See 1512 Oak St, Danville, IL 61832 on Redfin.com
904 Lockhart St, Hoopeston, IL 60942
- Price: $299,999
- 3 bedrooms, 2 bathrooms
- Square feet: 1,848
- See 904 Lockhart St, Hoopeston, IL 60942 on Redfin.com
423 Mallard Pt, Danville, IL 61832
- Price: $430,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,800
- See 423 Mallard Pt, Danville, IL 61832 on Redfin.com
201 W Vermilion St, Catlin, IL 61817
- Price: $199,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,680
- See 201 W Vermilion St, Catlin, IL 61817 on Redfin.com
9835 E 1610 North Rd, Oakwood, IL 61858
- Price: $245,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,558
- See 9835 E 1610 North Rd, Oakwood, IL 61858 on Redfin.com
201 Park Pl, Rossville, IL 60963
- Price: $219,900
- 3 bedrooms, 1.5 bathrooms
- Square feet: 2,522
- See 201 Park Pl, Rossville, IL 60963 on Redfin.com
105 Crestwood St, Catlin, IL 61817
- Price: $209,000
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,685
- See 105 Crestwood St, Catlin, IL 61817 on Redfin.com
2201 Kickapoo Dr, Danville, IL 61832
- Price: $250,000
- 2 bedrooms, 2 bathrooms
- Square feet: 3,850
- See 2201 Kickapoo Dr, Danville, IL 61832 on Redfin.com
327 Concord Dr, Danville, IL 61832
- Price: $299,900
- 2 bedrooms, 2 bathrooms
- Square feet: 2,017
- See 327 Concord Dr, Danville, IL 61832 on Redfin.com
315 W Autumn Dr, Oakwood, IL 61858
- Price: $209,000
- 2 bedrooms, 2 bathrooms
- Square feet: 2,009
- See 315 W Autumn Dr, Oakwood, IL 61858 on Redfin.com
