$7,113 Closing Credit*
$599,000
4 Beds
•2 Full Baths
Listing Office: EXP REALTY, LLC
Is Denville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Denville has remained a Seller's Market.
Key Takeaway
Denville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Denville, NJ
How much do homes in Denville, NJ cost?
Median Sold Price
$589,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,000(+1.6%)
Key Takeaway
Homes in Denville have sold for 1.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $287.5K | +12.7% |
| 2 Bedrooms | $412.5K | $470K | +13.9% |
| 3 Bedrooms | $540K | $576.7K | +6.8% |
| 4 Bedrooms | $655K | $709.8K | +8.4% |
| 5+ Bedrooms | $898.5K | $999.9K | +11.3% |
Summary: Denville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Mountain Lakes | $953.5K | $1.1M | +15.4% |
| Rockaway | $450K | $510K | +13.3% |
| Denville Township | $562.5K | $589.5K | +4.8% |
| Denville | $580K | $589K | +1.6% |
Housing Supply in Denville, NJ
How many homes are available in Denville, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 67 | +17.5% |
Summary: The Denville real estate market had 67 homes for sale in October 2024, a 17.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 23 | 30 | +30.4% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Denville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Denville, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Denville in October 2024, the same as the previous month. Of the 13 sold homes, 8% were sold under asking, 23% were sold at asking, and 69% were sold over asking.
Days on Market for Denville, NJ
We’re sorry, we don't have information for this market at the moment
