$5,641 Closing Credit*
$475,000
1,644 SqFt
3 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is Denville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$595,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,000(+3.7%)
Key Takeaway
Homes in Denville have sold for 3.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252.5K | $315K | +24.8% |
| 2 Bedrooms | $410K | $475K | +15.9% |
| 3 Bedrooms | $535K | $597.5K | +11.7% |
| 4 Bedrooms | $655K | $707.7K | +8.0% |
| 5+ Bedrooms | $900K | $975K | +8.3% |
Summary: Denville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.8%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Mountain Lakes | $957K | $1.1M | +14.9% |
| Rockaway | $450.7K | $515K | +14.3% |
| Denville Township | $565K | $595K | +5.3% |
| Denville | $574K | $595K | +3.7% |
Housing Supply in Denville, NJ
How many homes are available in Denville, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 69 | +11.3% |
Summary: The Denville real estate market had 69 homes for sale in November 2024, a 11.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 28 | 29 | +3.6% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Denville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Denville, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Denville in November 2024, up by 14.3% month-over-month. Of the 16 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Denville, NJ
We’re sorry, we don't have information for this market at the moment
