Is Roseland, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roseland is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Roseland was a Seller's Market.

Key Takeaway

Roseland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Roseland, IL

How much do homes in Roseland, IL cost?

Median Sold Price

$170,000

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+9.7%)

Key Takeaway

Homes in Roseland have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Roseland was $170,000 in November 2024, up 9.7% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $205K$160K
-22.0%
2 $133.4K$146.5K
+9.7%
3 $146K$172K
+17.8%
4 $165K$180K
+9.1%
5+ $229K$249.9K
+9.1%

Summary: Roseland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Neighborhoods

Roseland
+9.7%
Fernwood
-15.2%

Housing Supply in Roseland, IL

How many homes are available in Roseland, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
199227+14.1%

Summary: The Roseland real estate market had 227 homes for sale in November 2024, a 14.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 2932
+10.3%
3 6789
+32.8%
4 5456
+3.7%
5+ 4648
+4.3%

Summary: The Roseland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 32.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3327-18.2%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roseland, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Roseland in November 2024, down by 18.2% month-over-month. Of the 27 sold homes, 52% were sold under asking, 19% were sold at asking, and 30% were sold over asking.

Days on Market for Roseland, IL

How long does it take to sell a home in Roseland, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days68 Days+48.7%

Summary: Homes in Roseland had an average of 68 days on market in Nov 2024, up by 48.7% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Roseland are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 27 homes were sold in Roseland; 59% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 22% 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 17 Days Ago

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