$8,642 Closing Credit*
$727,777
3 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX SELECT
Is Denville Township, 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 Township has remained a Seller's Market.
Key Takeaway
Denville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Denville Township, NJ
How much do homes in Denville Township, NJ cost?
Median Sold Price
$589,500
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,000(+4.8%)
Key Takeaway
Homes in Denville Township have sold for 4.8% 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 | $425K | $470K | +10.6% |
| 3 Bedrooms | $540K | $581.2K | +7.6% |
| 4 Bedrooms | $655K | $709.8K | +8.4% |
| 5+ Bedrooms | $898.5K | $1.0M | +15.5% |
Summary: Denville Township 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 10.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Cities
| Rockaway Township | $450K | $515K | +14.4% |
| Rockaway | $450K | $510K | +13.3% |
| Denville Township | $562.5K | $589.5K | +4.8% |
| Denville | $580K | $589K | +1.6% |
Housing Supply in Denville Township, NJ
How many homes are available in Denville Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 68 | +15.3% |
Summary: The Denville Township real estate market had 68 homes for sale in October 2024, a 15.3% 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 | 10 | 9 | -10.0% |
Summary: The Denville Township 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 decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Denville Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Denville Township in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 7% were sold under asking, 21% were sold at asking, and 71% were sold over asking.
Days on Market for Denville Township, NJ
We’re sorry, we don't have information for this market at the moment
