Is Rochester, MN 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 April 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, MN cost?

Median Sold Price

$290,311

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$34,956(+13.7%)

Key Takeaway

Homes in Rochester have sold for 13.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $100K$120K
+20.0%
2 $190K$210K
+10.5%
3 $231.9K$260K
+12.1%
4 $299.9K$330K
+10.0%
5+ $410.5K$480.7K
+17.1%

Median Sold Price Compared To Nearby Cities

Marion Township
+21.5%
Rochester
+13.7%
Cascade Township
+12.8%

How many homes are available in Rochester, MN?

Number of Homes For Sale

Mar 2022Apr 2022%
495612+23.6%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 811
+37.5%
2 82105
+28.0%
3 150173
+15.3%
4 171235
+37.4%
5+ 8488
+4.8%

Number of Homes Sold

Mar 2022Apr 2022%
122151+23.8%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

102 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. 67.5% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
23 Days20 Days-14.6%

Breakdown of Home Sale Times

126 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

8 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.

25 13th Ave NE, Rochester, MN 55906

25 13th Ave NE, Rochester, MN 55906

$179,900
1,056 SqFt
2 Bedrooms
~$800/mo.*1 Full Bath
#6200196Listing Office:
RE/MAX ResultsMLS logo
4437 Genevieve Pl NW, Rochester, MN 55901

4437 Genevieve Pl NW, Rochester, MN 55901

$415,800
2,652 SqFt
4 Bedrooms
~$1,850/mo.*3 Full Baths
#6200003Listing Office:
Coldwell Banker RealtyMLS logo
2105 Valkyrie Dr NW, Rochester, MN 55901

2105 Valkyrie Dr NW, Rochester, MN 55901

$345,000
1,500 SqFt
3 Bedrooms
~$1,550/mo.*1 Full Bath, 2 Partial
#6188258Listing Office:
WightmanBrock Real Estate AdvisorsMLS logo
1427 Kings Run Dr NW, Rochester, MN 55901

1427 Kings Run Dr NW, Rochester, MN 55901

$365,000
1 SqFt
3 Bedrooms
~$1,650/mo.*3 Full Baths
#6199871Listing Office:
Coldwell Banker RealtyMLS logo
858 13 1/2 St SE, Rochester, MN 55904

858 13 1/2 St SE, Rochester, MN 55904

$250,000
1,478 SqFt
3 Bedrooms
~$1,100/mo.*1 Full Bath, 1 Partial
#6194043Listing Office:
RE/MAX ResultsMLS logo
4228 Daffodil Ave SE, Rochester, MN 55904

4228 Daffodil Ave SE, Rochester, MN 55904

$199,900
1,216 SqFt
3 Bedrooms
~$900/mo.*1 Full Bath
#6199328Listing Office:
Counselor Realty of RochesterMLS logo
818 11th St NW, Rochester, MN 55901

818 11th St NW, Rochester, MN 55901

$239,900
1,731 SqFt
3 Bedrooms
~$1,100/mo.*1 Full Bath
#6199402Listing Office:
Keller Williams Premier RealtyMLS logo
2510 Parkhill Ln SW, Rochester, MN 55902

2510 Parkhill Ln SW, Rochester, MN 55902

$340,000
2,262 SqFt
4 Bedrooms
~$1,500/mo.*2 Full Baths
#6198830Listing Office:
Keller Williams Premier RealtyMLS logo
4003 Manorwoods Dr NW, Rochester, MN 55901

4003 Manorwoods Dr NW, Rochester, MN 55901

$330,000
2,795 SqFt
5 Bedrooms
~$1,500/mo.*2 Full Baths
#6197881Listing Office:
RE/MAX ResultsMLS logo
501 31st St NW, Rochester, MN 55901

501 31st St NW, Rochester, MN 55901

$319,900
2,592 SqFt
5 Bedrooms
~$1,450/mo.*1 Full Bath
#6197529Listing Office:
Dwell Realty Group LLCMLS logo
3419 Christy Ln SW, Rochester, MN 55902

3419 Christy Ln SW, Rochester, MN 55902

$659,900
2,842 SqFt
4 Bedrooms
~$2,950/mo.*1 Full Bath
#6199106Listing Office:
Edina Realty, Inc.MLS logo
4402 Glen Ln NW, Rochester, MN 55901

4402 Glen Ln NW, Rochester, MN 55901

$329,900
2,058 SqFt
3 Bedrooms
~$1,500/mo.*1 Full Bath
#6197882Listing Office:
RE/MAX ResultsMLS logo

About Rochester, MN

Rochester, MN has 612 homes for sale to choose from. Between March 2022 and April 2022, Rochester, MN real estate market has seen increase in the number of listings by 23.6%. In April 2022 median list price was $290,311 and the average listing age was 20 days. Real estate listing prices changed between March 2022 and April 2022: prices of 1 bedroom properties increased by 20%, the cost of 2 bedrooms properties went up by 10.5%, the cost of 3 bedrooms properties went up by 12.1%, prices of 4 bedrooms properties increased by 10%, 5 bedrooms properties prices increased by 17.1%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 37.5%, the quantity of 2 bedrooms homes went up by 28%, 3 bedrooms homes inventory increased by 15.3%, 4 bedrooms homes inventory increased by 37.4%, volume of 5 bedrooms homes went up by 4.8%. While more than 102 listings in Rochester, MN in April 2022 were sold above asking price, there were more than 17 listings sold at asking price, and more than 32 were sold below.

MLS Disclaimers and Copyright

Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 05/01/2020 - 05/01/2022

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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Last updated on: 5/22/2022, 9:15:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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