$249,900
0.29 Acres
Land
Listing Office: REALTY EXECUTIVES PROPERTY SQUAD
Is Denville Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$580,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$30,000(+5.5%)
Key Takeaway
Homes in Denville Township have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Denville Township was $580,000 in August 2024, up 5.5% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252.5K | $273K | +8.1% |
| 2 Bedrooms | $425K | $468.9K | +10.3% |
| 3 Bedrooms | $525K | $577.5K | +10.0% |
| 4 Bedrooms | $694.5K | $667.9K | -3.8% |
| 5+ Bedrooms | $820K | $1.1M | +35.7% |
Summary: Denville Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 35.7%.
Median Sold Price Compared To Nearby Cities
| Rockaway | $440K | $510K | +15.9% |
| Rockaway Township | $447K | $510.1K | +14.1% |
| Denville Township | $550K | $580K | +5.5% |
| Denville | $566.5K | $578.7K | +2.2% |
Housing Supply in Denville Township, NJ
How many homes are available in Denville Township, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 63 | 66 | +4.8% |
Summary: The Denville Township real estate market had 66 homes for sale in August 2024, a 4.8% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Denville Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Denville Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Denville Township in August 2024, up by 66.7% month-over-month. Of the 20 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% 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
