Is Roseland, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Roseland was a Neutral Market.
Key Takeaway
Roseland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Roseland, NJ
How much do homes in Roseland, NJ cost?
Median Sold Price
$712,500
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Roseland have sold for 10.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $490.2K | $510K | +4.0% |
| 3 Bedrooms | $615K | $717.5K | +16.7% |
| 4 Bedrooms | $700K | $808.5K | +15.5% |
| 5+ Bedrooms | $836.2K | $1.0M | +24.9% |
Summary: Roseland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 24.9%.
Median Sold Price Compared To Nearby Cities
| Livingston | $793.6K | $970K | +22.2% |
| Roseland | $647.2K | $712.5K | +10.1% |
| West Caldwell Township | $605K | $647.5K | +7.0% |
| East Hanover | $621.5K | $655.7K | +5.5% |
Housing Supply in Roseland, NJ
How many homes are available in Roseland, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Summary: The Roseland real estate market had 21 homes for sale in March 2024, a 23.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Roseland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Roseland, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Roseland in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Roseland, NJ
We’re sorry, we don't have information for this market at the moment
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.