Is Rochester, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2021
Since last year, Rochester has remained a Seller's Market.
Key Takeaway
Rochester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Rochester, MA cost?
Median Sold Price
$597,900
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
+$72,900(+13.9%)
Key Takeaway
Homes in Rochester have sold for 13.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | $470K | N/A |
| 2 Bedrooms | $394K | $455K | +15.5% |
| 3 Bedrooms | $435K | $524K | +20.5% |
| 4 Bedrooms | $594.2K | $655K | +10.2% |
| 5+ Bedrooms | $702.5K | $751K | +6.9% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Acushnet | +19.7% |
| West Wareham | +15.3% |
| Wareham | +15.0% |
| Rochester | +13.9% |
| Marion | -4.3%  |
How many homes are available in Rochester, MA?
Number of Homes For Sale
| Apr 2022 | May 2022 | % |
|---|---|---|
| 15 | 22 | +46.7% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rochester, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Average Sale Time
| May 2021 | May 2022 | % |
|---|---|---|
| 82 Days | 24 Days | -70.8% |
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rochester are selling fast, if you're buying plan to act quickly.
