Is Roselle, 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, Roselle was a Seller's Market.
Key Takeaway
Roselle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Roselle, NJ
How much do homes in Roselle, NJ cost?
Median Sold Price
$445,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Roselle have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Roselle was $445,000 in March 2024, up 8.5% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $170K | +12.6% |
| 2 Bedrooms | $305K | $349.9K | +14.7% |
| 3 Bedrooms | $402.5K | $440K | +9.3% |
| 4 Bedrooms | $437K | $480K | +9.8% |
| 5+ Bedrooms | $480K | $535K | +11.5% |
Summary: Roselle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Cities
| Linden | $436.3K | $490K | +12.3% |
| Cranford Township | $615K | $675K | +9.8% |
| Cranford | $615K | $675.3K | +9.8% |
| Roselle | $410K | $445K | +8.5% |
| Roselle Park | $450.5K | $486K | +7.9% |
Housing Supply in Roselle, NJ
How many homes are available in Roselle, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 73 | +21.7% |
Summary: The Roselle real estate market had 73 homes for sale in March 2024, a 21.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 40 | 39 | -2.5% |
| 4 Bedrooms | 12 | 24 | +100.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Roselle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
2 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 Roselle, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Roselle in March 2024, down by 63.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Roselle, NJ
We’re sorry, we don't have information for this market at the moment
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