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 May 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

$315,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,000(+8.6%)

Key Takeaway

Homes in Roselle have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Roselle was $315,000 in May 2024, up 8.6% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $149.3K$183.2K
+22.7%
2 $240K$255.2K
+6.4%
3 $320.5K$339.9K
+6.1%
4 $420K$440K
+4.8%
5+ $445K$630K
+41.6%

Summary: Roselle housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 41.6%.

Median Sold Price Compared To Nearby Cities

Schaumburg Township
+12.3%
Bloomingdale Township
+8.7%
Roselle
+8.6%
Hanover Park
+7.3%
Bloomingdale
+3.9%

Housing Supply in Roselle, IL

How many homes are available in Roselle, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5983+40.7%

Summary: The Roselle real estate market had 83 homes for sale in May 2024, a 40.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1525
+66.7%
3 2838
+35.7%
4 1011
+10.0%
5+ 58
+60.0%

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 66.7%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1826+44.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

16 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. 61.5% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Roselle in May 2024, up by 44.4% month-over-month. Of the 26 sold homes, 27% were sold under asking, 12% were sold at asking, and 62% 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

May 2023May 2024CHANGE
9 Days16 Days+72.8%

Summary: Homes in Roselle had an average of 16 days on market in May 2024, up by 72.8% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

5 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 May 2024, 26 homes were sold in Roselle; 81% of homes were sold within 30 days, 19% 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

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