Is Rochester, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Rochester was a Seller's Market.
Key Takeaway
Rochester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rochester, MA
How much do homes in Rochester, MA cost?
Median Sold Price
$629,950
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rochester have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Rochester was $629,950 in March 2024, up 14.5% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $512.5K | $363K | -29.2% |
| 2 Bedrooms | $550K | $465.5K | -15.4% |
| 3 Bedrooms | $502.5K | $615K | +22.4% |
| 4 Bedrooms | $713.5K | $747.4K | +4.8% |
| 5+ Bedrooms | $700K | $899.5K | +28.5% |
Summary: Rochester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.2%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 28.5%.
Median Sold Price Compared To Nearby Cities
| Marion | $710K | $860K | +21.1% |
| Rochester | $550K | $629.9K | +14.5% |
| West Wareham | $419K | $457.5K | +9.2% |
| Wareham | $410K | $420K | +2.4% |
| Mattapoisett | $700K | $699.9K | 0% |
Housing Supply in Rochester, MA
How many homes are available in Rochester, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Rochester real estate market had 15 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 4 | -50.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rochester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rochester, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Rochester in March 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 22 Days | -46.0% |
Summary: Homes in Rochester had an average of 22 days on market in Mar 2024, down by 46% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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.
Summary: During March 2024, 2 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.
