Is East Rochester, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Rochester is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, East Rochester was a Seller's Market.

Key Takeaway

East Rochester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in East Rochester, NY

How much do homes in East Rochester, NY cost?

Median Sold Price

$210,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$40,000(+23.5%)

Key Takeaway

Homes in East Rochester have sold for 23.5% more than they did a year ago.

Summary: The median home sold price in East Rochester was $210,000 in March 2024, up 23.5% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $136.2K$150K
+10.1%
3 $170K$222K
+30.6%
4 $207.5K$219K
+5.5%
5+ $246.5K$350K
+42.0%

Summary: East Rochester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 42%.

Median Sold Price Compared To Nearby Cities

East Rochester
+23.5%
Perinton
+7.9%

Housing Supply in East Rochester, NY

How many homes are available in East Rochester, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1312-7.7%

Summary: The East Rochester real estate market had 12 homes for sale in March 2024, a 7.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 44
0.0%
3 65
-16.7%
4 21
-50.0%
5+ 12
+100.0%

Summary: The East 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Rochester, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in East Rochester in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for East Rochester, NY

How long does it take to sell a home in East Rochester, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
6 Days7 Days+7.7%

Summary: Homes in East Rochester had an average of 7 days on market in Mar 2024, up by 7.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 1 homes were sold in East 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.

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

Report Updated 22 Days Ago

Newest Listings in East Rochester, NY

Nearby Markets to East Rochester, NY

What housing markets are near East Rochester, NY?