Is Roselle, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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 April 2023
Key Takeaway
Homes in Roselle have sold for 8% more than they did a year ago.
Summary: The median home sold price in Roselle was $445,000 in April 2024, up 8% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.5K | $170K | +13.0% |
| 2 Bedrooms | $313K | $349.9K | +11.8% |
| 3 Bedrooms | $405K | $455K | +12.3% |
| 4 Bedrooms | $450K | $472.5K | +5.0% |
| 5+ Bedrooms | $480K | $535K | +11.5% |
Summary: Roselle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Cities
| Cranford Township | $613K | $685K | +11.7% |
| Cranford | $615K | $685K | +11.4% |
| Roselle | $412K | $445K | +8.0% |
| Linden | $450K | $485K | +7.8% |
| Roselle Park | $456K | $487K | +6.8% |
Housing Supply in Roselle, NJ
How many homes are available in Roselle, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 77 | +13.2% |
Summary: The Roselle real estate market had 77 homes for sale in April 2024, a 13.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 36 | 40 | +11.1% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
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 decreased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Roselle, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Roselle in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% 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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