Denville recorded 229 residential sales in the twelve months through July 2026, and the striking thing about the township is how little its bedroom tiers disagree with one another. Every tier closed above asking, inside a narrow band from 101% to 106% of list. The $685,000 and $825,000 segments alone account for 162 of those 229 sales and finished at 104% and 103% of list over thirty and twenty-seven days. For once, the town-wide headline. A $700,000 median, 27 days, 104% of list. Is an honest description of what is actually happening at nearly every price point, rather than an average of two opposite markets.
Data sourced from the Garden State MLS (GSMLS), August 2025 through July 2026.
Read down the sale-to-list column before anything else. From the softest tier to the strongest is five percentage points, and from the fastest to the slowest is eight days. That is an unusually tight market for a town this size.
| Bedrooms | Sales | Median sale | Avg days | Sale-to-list |
|---|---|---|---|---|
| 1 | 3 | $275,000 | 13 | 101% |
| 2 | 45 | $466,000 | 22 | 106% |
| 3 | 94 | $685,000 | 30 | 104% |
| 4 | 68 | $825,000 | 27 | 103% |
| 5+ | 19 | $1,170,000 | 30 | 101% |
| Town total | 229 | $700,000 | 27 | 104% |
Denville is decided at $685,000. Ninety-four sales. The largest single segment in the township by a wide margin. Closed there at 104% of list over an average of thirty days. That is the number a buyer should budget against and the number a seller should price against, because it is Denville in practice. Immediately above it, the $825,000 band did 68 sales at 103% in twenty-seven days. Between them those two segments are 71% of everything that traded here in a year, and they behaved almost identically.
The most competitive money in the town is the cheapest. Homes around $466,000. 45 sales. Closed at 106% of list in twenty-two days, the highest ratio and close to the fastest pace on the page. Buyers looking at the entry level in Denville should understand they are shopping the tightest part of the market, not the easiest.
At $1,170,000 the market cools, but only slightly: 19 sales at 101% of list over thirty days. That is still above asking. It is the one band where the list price is roughly the transaction price rather than the opening bid, and it is the only place in Denville where a buyer has any real room to work, but calling it a buyer’s market would overstate a one-point spread.
The one-bedroom row is shown for completeness. Three sales is not a market segment, and nothing on this page is built on it.
There is no soft spot in Denville to hunt for. Every tier from $275,000 to $1,170,000 finished above list, and the entire town cleared in twenty-two to thirty days. Whatever your price point, plan on offering at or above asking and deciding inside two or three weeks of a house hitting the market.
Below about $700,000 the competition is at its sharpest. 106% and 104% of list in the $466,000 and $685,000 bands, so escalation room and a clean, uncomplicated offer matter more than a clever structure. Above about $1.1 million you get marginally more breathing room at 101% and thirty days, which is worth having, but it is not a discount and should not be treated as one.
Because the tiers agree, the advice is the same across the town, which is rare. Price to the market and the market will come over your number. The risk in Denville is not underpricing. The 104% town-wide ratio says buyers correct that for you. It is overpricing past the point where competing offers can form, at which point you inherit the thirty-day end of the range with none of the competition that makes it work.
At $1,170,000 and above, the margin is thinner. One point over list and thirty days on market means the buyer at that level is doing arithmetic rather than competing, and an aspirational list price there buys a price reduction rather than a bidding war.
Denville’s entry level. The $466,000 band at 106% of list in twenty-two days and the $685,000 band at 104% in thirty. Describes finished houses. A dated house at the same address does not automatically inherit those numbers, and what happens to it depends almost entirely on the size of the lot it sits on.
On a small lot, a home needing significant work gets no premium. It sits, and it sells at or below asking, because the only buyer for it is an owner-occupier pricing in every dollar of the renovation. On a half acre or more, the same house stops being a house in the buyer’s mind and becomes land. A builder target, priced on what can be built there rather than on what is standing there now. Denville’s lot sizes vary considerably from one part of the township to another, which means two similar-looking dated houses a mile apart can be worth materially different amounts for reasons that have nothing to do with the buildings.
Owners in the second position are routinely priced off tired-house comparables and never find out what the land was worth. Ryan Horvath is an agent with Prominent Properties Sotheby’s International Realty and a former licensed New Jersey general contractor. Having a vendor network that will put a real number on the work, and whether a lot carries builder value, is the difference between those two outcomes.
Mountain Lakes, immediately adjacent, is the clearest expensive comparison: a $1,200,000 median at 104% of list against Denville’s $700,000 at the same 104%. The competitive intensity is identical; the price of entry is not. That comparison is worth making carefully, because the two towns are neighbours and buyers frequently look at both. The difference is housing stock and lot character, not market temperature.
Cheaper alternatives sit nearby too. Morristown runs a $665,000 median at 104% of list, effectively the same market dynamic at a slightly lower price with a very different, more urban housing mix. In the other direction, Morris Township at $956,000 and 106% is both more expensive and more competitive than Denville, and Washington Township, further west, sits at $733,800 and 103%. Almost exactly Denville’s price with a longer drive to a train. Denville’s position among these is a genuinely mid-market one: not the cheapest option in Morris County, not close to the most expensive, and busier by volume than any of them.
Denville has its own NJ Transit station, which is one of the practical reasons its volume is as high as it is. The station is a junction point where the Morristown Line and the Montclair-Boonton Line meet, giving riders more than one route east. Service runs toward Hoboken, with Morristown Line trains offering direct service into New York Penn Station on much of the schedule. Denville sits well west of Morristown on the line, so the ride is longer than from the towns closer in. That trade is part of what the price point here reflects.
Denville Township operates its own school district covering the elementary and middle school years. High school students attend the Morris Hills Regional District. A regional district shared with neighbouring municipalities. At Morris Knolls High School. Because the high school is regional, the school assignment is not what distinguishes one part of Denville from another; housing stock, lot size and proximity to the station do more of that work.
Denville has a real downtown. A compact, walkable stretch of storefronts and restaurants around Broadway, close enough to the train station that the two function together. That combination of a genuine town centre and a station on two lines is unusual this far west in Morris County and explains a good deal of the demand behind those 229 sales.
Denville is also a lake town. Indian Lake, Rock Ridge Lake and Cedar Lake are each surrounded by their own established residential communities, and lake-community housing is a real and substantial part of the market here rather than a novelty. Much of that stock began as smaller seasonal housing and has been expanded and rebuilt over the decades, which is one reason the township’s bedroom tiers cover such a wide price range while behaving so consistently. Away from the lakes the housing runs to postwar homes, later subdivisions and newer construction on larger parcels. The township also hosts a hospital campus and sits at the meeting point of several major routes, which is why it is often described as the hub of the county.
The median residential sale price in Denville Township was $700,000 across 229 sales, per GSMLS between August 2025 and July 2026. The largest single segment of that market transacted at a $685,000 median.
A seller’s market, and unusually consistently so. Every bedroom tier in Denville closed above asking, from 101% to 106% of list, and the whole town cleared in an average of 27 days. Unlike many towns in this corridor there is no price band here that reverses the pattern. The $1,170,000 tier at 101% is the softest, and it still finished over list.
The average was $740,640 against a median of $700,000. A relatively small number of higher-priced sales. The 19 transactions at a $1,170,000 median, and the larger properties within them. Pull the average up, while the median stays at the true midpoint of all 229 sales. For a buyer trying to understand what an ordinary Denville house costs, the median is the more useful of the two.
Twenty-seven days on average town-wide, and the tiers cluster tightly around that: twenty-two days at the $466,000 band, thirty at $685,000, twenty-seven at $825,000 and thirty at $1,170,000. There is no segment of this market where a well-priced house should be expected to sit.
Sales above $1,000,000 in Denville trigger New Jersey’s Graduated Percent Fee, formerly the “mansion tax.” Since July 10, 2025 it is paid by the seller rather than the buyer, starting at 1% of the entire sale price and rising with price. Because the rate steps up at fixed thresholds, a sale crossing one by a small margin can cost more than it gains. See the New Jersey mansion tax seller’s guide for the brackets and where the thresholds fall.
Market data derived from Garden State MLS (GSMLS), August 2025 through July 2026. Statistics reflect residential sales and are not a guarantee of future results.
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