Is Roselle, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roselle is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Roselle has remained a Seller's Market.

Key Takeaway

Roselle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Roselle, IL

How much do homes in Roselle, IL cost?

Median Sold Price

$309,950

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$29,033(+10.3%)

Key Takeaway

Homes in Roselle have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Roselle was $309,950 in February 2024, up 10.3% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $137.9K$210K
+52.2%
2 $229.9K$257.4K
+12.0%
3 $310K$324.5K
+4.7%
4 $392.5K$438.7K
+11.8%
5+ $550K$484K
-12.0%

Summary: Roselle housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.2%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 12%.

Median Sold Price Compared To Nearby Cities

Schaumburg Township
+11.2%
Roselle
+10.3%
Hanover Park
+9.4%
Bloomingdale Township
+8.4%
Bloomingdale
+5.7%

Housing Supply in Roselle, IL

How many homes are available in Roselle, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4151+24.4%

Summary: The Roselle real estate market had 51 homes for sale in February 2024, a 24.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 1619
+18.8%
3 1322
+69.2%
4 107
-30.0%
5+ 13
+200.0%

Summary: The Roselle housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 69.2%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1316+23.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roselle, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Roselle in February 2024, up by 23.1% month-over-month. Of the 16 sold homes, 31% were sold under asking, 13% were sold at asking, and 56% were sold over asking.

Days on Market for Roselle, IL

How long does it take to sell a home in Roselle, IL?

Average Sale Time

Feb 2023Feb 2024CHANGE
26 Days10 Days-60.3%

Summary: Homes in Roselle had an average of 10 days on market in Feb 2024, down by 60.3% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Roselle are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 16 homes were sold in Roselle; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Roselle, IL

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