Is Roseland, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Roseland was a Seller's Market.
Housing Prices in Roseland, IL
How much do homes in Roseland, IL cost?
Median Sold Price
$161,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Roseland was $161,000 in April 2024, down 5.3% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | - | N/A |
2 Bedrooms | $150K | $133.4K | -11.0% |
3 Bedrooms | $175K | $165K | -5.7% |
4 Bedrooms | $160K | $169.8K | +6.2% |
5+ Bedrooms | $205K | $228K | +11.2% |
Summary: Roseland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Neighborhoods
Fernwood | $138.7K | $150.5K | +8.5% |
Roseland | $170K | $161K | -5.3% |
Housing Supply in Roseland, IL
How many homes are available in Roseland, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
201 | 220 | +9.5% |
Summary: The Roseland real estate market had 220 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 36 | 40 | +11.1% |
3 Bedrooms | 66 | 75 | +13.6% |
4 Bedrooms | 55 | 62 | +12.7% |
5+ Bedrooms | 43 | 42 | -2.3% |
Summary: The Roseland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 2.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 28 | -24.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Roseland in April 2024, down by 24.3% month-over-month. Of the 28 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% were sold over asking.
Days on Market for Roseland, IL
How long does it take to sell a home in Roseland, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 51 Days | -16.9% |
Summary: Homes in Roseland had an average of 51 days on market in Apr 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Roseland; 57% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.