$3,551 Closing Credit*
$299,000
2 Beds
•1 Full Bath
Listing Office: WEICHERT REALTORS
Is Roselle Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Roselle Park has remained a Seller's Market.
Key Takeaway
Roselle Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Roselle Park, NJ
How much do homes in Roselle Park, NJ cost?
Median Sold Price
$500,000
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+4.2%)
Key Takeaway
Homes in Roselle Park have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Roselle Park was $500,000 in October 2024, up 4.2% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $283K | $237.5K | -16.1% |
| 2 Bedrooms | $345K | $464.7K | +34.7% |
| 3 Bedrooms | $472.5K | $500K | +5.8% |
| 4 Bedrooms | $515K | $520K | +1.0% |
| 5+ Bedrooms | $607.5K | $670K | +10.3% |
Summary: Roselle Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes increased by 34.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Roselle | $434.5K | $487.5K | +12.2% |
| Union | $505.3K | $550K | +8.8% |
| Union Township | $503K | $541.6K | +7.7% |
| Kenilworth | $542.5K | $575K | +6.0% |
| Roselle Park | $480K | $500K | +4.2% |
Housing Supply in Roselle Park, NJ
How many homes are available in Roselle Park, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 47 | +14.6% |
Summary: The Roselle Park real estate market had 47 homes for sale in October 2024, a 14.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Roselle Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 26.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roselle Park, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Roselle Park in October 2024, up by 100.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for Roselle Park, NJ
How long does it take to sell a home in Roselle Park, 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 Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Roselle Park; 10% 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.
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