$6,828 Closing Credit*
$575,000
1,488 SqFt
3 Beds
•2 Full Baths
Listing Office: COMPASS NEW JERSEY LLC
Is Denville Township, 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 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
$595,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+5.3%)
Key Takeaway
Homes in Denville Township have sold for 5.3% 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 | $425K | $475K | +11.8% |
| 3 Bedrooms | $540K | $595K | +10.2% |
| 4 Bedrooms | $655K | $707.7K | +8.0% |
| 5+ Bedrooms | $900K | $975K | +8.3% |
Summary: Denville Township 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 11.8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Rockaway | $450.7K | $515K | +14.3% |
| Rockaway Township | $451.5K | $515K | +14.1% |
| Denville Township | $565K | $595K | +5.3% |
| Denville | $574K | $595K | +3.7% |
Housing Supply in Denville Township, NJ
How many homes are available in Denville Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 69 | +7.8% |
Summary: The Denville Township real estate market had 69 homes for sale in November 2024, a 7.8% 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 | 28 | 0.0% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Denville Township 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 remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
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 Township, 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 Township in November 2024, up by 6.7% 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 Township, NJ
We’re sorry, we don't have information for this market at the moment
