Is Roselle, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$455,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Roselle have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Roselle was $455,000 in May 2024, up 8.3% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.5K | $170K | +13.7% |
| 2 Bedrooms | $313K | $349.9K | +11.8% |
| 3 Bedrooms | $410K | $460K | +12.2% |
| 4 Bedrooms | $450K | $485K | +7.8% |
| 5+ Bedrooms | $480K | $532.5K | +10.9% |
Summary: Roselle housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Cities
| Linden | $450K | $500K | +11.1% |
| Cranford Township | $619K | $685K | +10.7% |
| Cranford | $620K | $685K | +10.5% |
| Roselle | $420K | $455K | +8.3% |
Housing Supply in Roselle, NJ
How many homes are available in Roselle, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 80 | +12.7% |
Summary: The Roselle real estate market had 80 homes for sale in May 2024, a 12.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 21 | 28 | +33.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Roselle housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roselle, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Roselle in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Roselle, NJ
How long does it take to sell a home in Roselle, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Roselle are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Roselle; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.