$8,443 Closing Credit*
$711,000
3 Beds
•1 Full Bath, 1 Partial
Sheldon Neal, Listing Office: RE/MAX Real Estate Limited
Is Rochelle Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Rochelle Park was a Neutral Market.
Key Takeaway
Rochelle Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rochelle Park, NJ
How much do homes in Rochelle Park, NJ cost?
Median Sold Price
$550,000
-
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$61,000(+12.5%)
Key Takeaway
Homes in Rochelle Park have sold for 12.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337.5K | - | N/A |
| 2 Bedrooms | $350K | $560K | +60.0% |
| 3 Bedrooms | $495K | $550K | +11.1% |
| 4 Bedrooms | $503.7K | $531K | +5.4% |
| 5+ Bedrooms | $625K | $705K | +12.8% |
Summary: Rochelle Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Rochelle Park | $489K | $550K | +12.5% |
| Rochelle Park Township | $489K | $550K | +12.5% |
Housing Supply in Rochelle Park, NJ
How many homes are available in Rochelle Park, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The Rochelle Park real estate market had 11 homes for sale in September 2024, a 22.2% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rochelle Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rochelle Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Rochelle Park in September 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Rochelle Park, NJ
We’re sorry, we don't have information for this market at the moment
