Is Rochester, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2021
Since last year, Rochester has remained a Seller's Market.
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
Median Sold Price By Bedroom Count
# BEDS | Apr 2021 | Apr 2022 | % |
---|---|---|---|
1 Bedroom | $100K | $120K | +20.0% |
2 Bedrooms | $190K | $210K | +10.5% |
3 Bedrooms | $231.9K | $260K | +12.1% |
4 Bedrooms | $299.9K | $330K | +10.0% |
5+ Bedrooms | $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 2022 | Apr 2022 | % |
---|---|---|
495 | 612 | +23.6% |
Homes For Sale By Bedroom Count
# BEDS | Mar 2022 | Apr 2022 | % |
---|---|---|---|
1 Bedroom | 8 | 11 | +37.5% |
2 Bedrooms | 82 | 105 | +28.0% |
3 Bedrooms | 150 | 173 | +15.3% |
4 Bedrooms | 171 | 235 | +37.4% |
5+ Bedrooms | 84 | 88 | +4.8% |
Number of Homes Sold
Mar 2022 | Apr 2022 | % |
---|---|---|
122 | 151 | +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
Average Sale Time
Apr 2021 | Apr 2022 | % |
---|---|---|
23 Days | 20 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