Is Kenvil, NJ 07847 a buyer’s or seller’s market?
Kenvil is a seller’s market. With about 3.2 months of supply and 100% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Not ranked this month. Fewer than 15 sales in the 3-month window, so the numbers can swing too much to compare fairly. How the heat score works
The Kenvil housing market right now
In the three months ending August 31, 2026, 100% of homes in Kenvil, NJ 07847 sold above their list price, the typical home went under contract in 30 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (100% then), homes sold more slowly (16 days then) and the median sale price rose 5% to $556,709. Overall, Kenvil is less competitive than a year ago, which gives buyers more room.
Within Morris County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell more often over asking than in 98%.
Nearby, buyers who want less competition could look at Hibernia 07842 (0% sold over asking) or New Vernon 07976 (20% sold over asking).
Run the numbers for 07847
Nearby markets
Boonton 07005Seller’s market $365 /sq ftBudd Lake 07828Seller’s market $325 /sq ftButler 07405Seller’s market $342 /sq ftCedar Knolls 07927Seller’s market $392 /sq ft Browse all markets →Towns like Kenvil nearby
Find towns like Kenvil in other states →Where Kenvil is
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Questions about Kenvil real estate
Is Kenvil a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Kenvil, NJ 07847 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Kenvil?
The typical home went under contract in 30 days in the latest three months.
Do homes in Kenvil sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 103.1% of the list price.
What are property taxes in Kenvil?
About 2.00% of a home’s value a year in Morris County, where towns range from 0.98% to 2.84%, or roughly $8,016 on a $400,000 home.
What is the median home price in Kenvil?
The median sale price was $556,709 in the three months ending August 31, 2026, about $521 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology