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 April 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

$310,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$21,600(+7.5%)

Key Takeaway

Homes in Roselle have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Roselle was $310,000 in April 2024, up 7.5% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $149.3K$210K
+40.6%
2 $240K$265K
+10.4%
3 $321K$331.1K
+3.2%
4 $410K$433.8K
+5.8%
5+ $485K$625K
+28.9%

Summary: Roselle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.6%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 28.9%.

Median Sold Price Compared To Nearby Cities

Schaumburg Township
+11.6%
Bloomingdale Township
+8.6%
Roselle
+7.5%
Bloomingdale
+4.8%
Hanover Park
+2.4%

Housing Supply in Roselle, IL

How many homes are available in Roselle, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5157+11.8%

Summary: The Roselle real estate market had 57 homes for sale in April 2024, a 11.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1516
+6.7%
3 2226
+18.2%
4 99
0.0%
5+ 45
+25.0%

Summary: The Roselle 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 6.7%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
18180.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

14 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. 77.8% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Roselle in April 2024, the same as the previous month. Of the 18 sold homes, 17% were sold under asking, 6% were sold at asking, and 78% 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

Apr 2023Apr 2024CHANGE
11 Days12 Days+4.4%

Summary: Homes in Roselle had an average of 12 days on market in Apr 2024, up by 4.4% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

2 Homes Were 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 April 2024, 18 homes were sold in Roselle; 89% of homes were sold within 30 days, 11% 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 1 Day Ago

Newest Listings in Roselle, IL

Nearby Markets to Roselle, IL

What housing markets are near Roselle, IL?