$5,403 Closing Credit*
$455,000
3 Beds
•1 Full Bath
Listing Office: EXIT PLATINUM REALTY
Is Roselle, 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, 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
$492,500
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$57,500(+13.2%)
Key Takeaway
Homes in Roselle have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Roselle was $492,500 in November 2024, up 13.2% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.5K | $180K | +10.8% |
| 2 Bedrooms | $340K | $385K | +13.2% |
| 3 Bedrooms | $440K | $490K | +11.4% |
| 4 Bedrooms | $465K | $512K | +10.1% |
| 5+ Bedrooms | $510K | $652.4K | +27.9% |
Summary: Roselle housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 27.9%.
Median Sold Price Compared To Nearby Cities
| Roselle | $435K | $492.5K | +13.2% |
| Cranford Township | $665K | $750K | +12.8% |
| Cranford | $667K | $750K | +12.4% |
| Linden | $468K | $525.6K | +12.3% |
| Roselle Park | $480K | $500K | +4.2% |
Housing Supply in Roselle, NJ
How many homes are available in Roselle, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 78 | -4.9% |
Summary: The Roselle real estate market had 78 homes for sale in November 2024, a 4.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 30 | 27 | -10.0% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Roselle housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roselle, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Roselle in November 2024, down by 35.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% 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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