Is Rochester, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rochester has remained a Seller's Market.
Housing Prices in Rochester, WA
How much do homes in Rochester, WA cost?
Median Sold Price
$487,499
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rochester was $487,499 in April 2024, up 0.5% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $364.9K | $319K | -12.6% |
3 Bedrooms | $485K | $486.2K | 0.3% |
4 Bedrooms | $592.5K | $599.9K | +1.3% |
5+ Bedrooms | - | $599.9K | N/A |
Summary: Rochester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.6%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bunker | $525K | $530K | +1.0% |
Rochester | $485K | $487.4K | 0.5% |
Thurston South | $457.2K | $459.7K | 0.5% |
Housing Supply in Rochester, WA
How many homes are available in Rochester, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 35 | +16.7% |
Summary: The Rochester real estate market had 35 homes for sale in April 2024, a 16.7% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 22 | 27 | +22.7% |
4 Bedrooms | 5 | 5 | 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 remained the same, 3 bedroom homes increased by 22.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Rochester in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Rochester, WA
How long does it take to sell a home in Rochester, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 43 Days | -17.5% |
Summary: Homes in Rochester had an average of 43 days on market in Apr 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Rochester; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.