$7,363 Closing Credit*
$620,000
3 Beds
•2 Full Baths
Listing Office: WEICHERT REALTORS
Is Roseland, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Roseland was a Buyer's Market.
Key Takeaway
Roseland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Roseland, NJ
How much do homes in Roseland, NJ cost?
Median Sold Price
$778,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$77,000(+11.0%)
Key Takeaway
Homes in Roseland have sold for 11% more than they did a year ago.
Summary: The median home sold price in Roseland was $778,000 in November 2024, up 11% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $510K | $575K | +12.7% |
| 3 Bedrooms | $707K | $739.5K | +4.6% |
| 4 Bedrooms | $748.5K | $830K | +10.9% |
| 5+ Bedrooms | $1.0M | $999.9K | -0.2% |
Summary: Roseland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Essex Fells | $1.0M | $1.3M | +21.9% |
| East Hanover | $645K | $760.5K | +17.9% |
| West Caldwell Township | $625K | $717.5K | +14.8% |
| Roseland | $701K | $778K | +11.0% |
| Livingston | $900K | $998.9K | +11.0% |
Housing Supply in Roseland, NJ
How many homes are available in Roseland, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Roseland real estate market had 17 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Roseland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roseland, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Roseland in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Roseland, NJ
How long does it take to sell a home in Roseland, 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 Roseland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Roseland; 17% 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.
