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 April 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

$310,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$21,600(+7.5%)

Key Takeaway

Homes in Roselle have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Roselle was $310,000 in April 2024, up 7.5% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $149.3K$210K
+40.6%
2 $240K$265K
+10.4%
3 $321K$331.1K
+3.2%
4 $410K$433.8K
+5.8%
5+ $485K$625K
+28.9%

Summary: Roselle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.6%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 28.9%.

Median Sold Price Compared To Nearby Cities

Schaumburg Township
+11.6%
Bloomingdale Township
+8.6%
Roselle
+7.5%
Bloomingdale
+4.8%
Hanover Park
+2.4%

Housing Supply in Roselle, IL

How many homes are available in Roselle, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5157+11.8%

Summary: The Roselle real estate market had 57 homes for sale in April 2024, a 11.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1516
+6.7%
3 2226
+18.2%
4 99
0.0%
5+ 45
+25.0%

Summary: The Roselle housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
18180.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

14 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. 77.8% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Roselle in April 2024, the same as the previous month. Of the 18 sold homes, 17% were sold under asking, 6% were sold at asking, and 78% 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

Apr 2023Apr 2024CHANGE
11 Days12 Days+4.4%

Summary: Homes in Roselle had an average of 12 days on market in Apr 2024, up by 4.4% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

2 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 April 2024, 18 homes were sold in Roselle; 89% of homes were sold within 30 days, 11% 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 13 Days Ago

Newest Listings in Roselle, IL

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