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

Housing Market Conditions



Gauge showing Rochester is a seller's market


Difference Since February 2023

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.

Housing Prices in Rochester, NY

How much do homes in Rochester, NY cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Rochester have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Rochester was $200,000 in February 2024, up 8.5% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $100K$122.8K
2 $155.1K$172.2K
3 $181.8K$200K
4 $205.1K$214.9K
5+ $255K$175K

Summary: Rochester housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.9%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 31.4%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Rochester, NY

How many homes are available in Rochester, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Rochester real estate market had 929 homes for sale in February 2024, a 12.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 72
2 137126
3 488411
4 267242
5+ 158148

Summary: The Rochester housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 71.4%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 6.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

138 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. 63.9% of homes here sold above asking price last month.

Summary: A total of 216 homes were sold or pending in Rochester in February 2024, down by 33.1% month-over-month. Of the 216 sold homes, 28% were sold under asking, 8% were sold at asking, and 64% were sold over asking.

Days on Market for Rochester, NY

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

Average Sale Time

Feb 2023Feb 2024CHANGE
17 Days23 Days+36.6%

Summary: Homes in Rochester had an average of 23 days on market in Feb 2024, up by 36.6% compared to last year.

Breakdown of Home Sale Times

167 Homes Were Sold
Under 30 Days

43 Homes Were Sold
In 30 - 90 Days

6 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.

Summary: During February 2024, 216 homes were sold in Rochester; 77% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% 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 3 Days Ago

Newest Listings in Rochester, NY

Nearby Markets to Rochester, NY

What housing markets are near Rochester, NY?