Is Rochester, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Rochester was a Neutral Market.
Housing Prices in Rochester, MA
How much do homes in Rochester, MA cost?
Median Sold Price
$650,000
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rochester was $650,000 in April 2024, up 18.2% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $512.5K | $363K | -29.2% |
2 Bedrooms | $550K | $480K | -12.7% |
3 Bedrooms | $510K | $615K | +20.6% |
4 Bedrooms | $672K | $749.9K | +11.6% |
5+ Bedrooms | $700K | $899.5K | +28.5% |
Summary: Rochester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.2%, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 28.5%.
Median Sold Price Compared To Nearby Cities
Marion | $699.9K | $860K | +22.9% |
Rochester | $550K | $650K | +18.2% |
West Wareham | $410K | $475K | +15.9% |
Mattapoisett | $700K | $725.7K | +3.7% |
Wareham | $410K | $419.7K | +2.4% |
Housing Supply in Rochester, MA
How many homes are available in Rochester, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Summary: The Rochester real estate market had 21 homes for sale in April 2024, a 23.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rochester 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 20%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Rochester in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Rochester, MA
How long does it take to sell a home in Rochester, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 17 Days | -66.3% |
Summary: Homes in Rochester had an average of 17 days on market in Apr 2024, down by 66.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Rochester; 100% 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.