Is Rochester, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rochester is a 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

# BEDSMay 2021May 2022%
1 -$470K
N/A
2 $394K$455K
+15.5%
3 $435K$524K
+20.5%
4 $594.2K$655K
+10.2%
5+ $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 2022May 2022%
1522+46.7%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 12
+100.0%
2 56
+20.0%
3 58
+60.0%
4 46
+50.0%
5+ 00
0.0%

Number of Homes Sold

Apr 2022May 2022%
25+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

Asking vs Sold - buyer

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 2021May 2022%
82 Days24 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rochester are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Rochester, MA

Rochester, MA has 22 homes on the market. In May 2022 in Rochester, MA there were 46.7% more homes for sale than in April 2022. In May 2022 median list price was $597,900 and the average listing age was 24 days. Listing prices have changed in this real estate market between April 2022 and May 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 15.5%, the cost of 3 bedrooms properties went up by 20.5%, prices of 4 bedrooms properties increased by 10.2%, prices of 5 bedrooms properties went up by 6.9%. This housing market inventory have changed: 1 bedroom homes inventory increased by 100%, the quantity of 2 bedrooms homes went up by 20%, volume of 3 bedrooms homes went up by 60%, volume of 4 bedrooms homes went up by 50%, number of 5 bedrooms homes remained the same. In May 2022 more than 3 listings in Rochester, MA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below.

Related Housing Market Reports