Is Rochester, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$200,001
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rochester have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Rochester was $200,001 in March 2024, up 8.2% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107K | $129K | +20.6% |
| 2 Bedrooms | $157K | $177K | +12.8% |
| 3 Bedrooms | $182K | $203.2K | +11.7% |
| 4 Bedrooms | $205.8K | $212.2K | +3.1% |
| 5+ Bedrooms | $255K | $172.5K | -32.4% |
Summary: Rochester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 32.4%.
Median Sold Price Compared To Nearby Cities
| Rochester | $184.8K | $200K | +8.2% |
| Kerhonkson | $350K | $338.8K | -3.2% |
| Gardiner | $600K | $570K | -5.0% |
Housing Supply in Rochester, NY
How many homes are available in Rochester, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,084 | 1,020 | -5.9% |
Summary: The Rochester real estate market had 1,020 homes for sale in March 2024, a 5.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 140 | 127 | -9.3% |
| 3 Bedrooms | 501 | 461 | -8.0% |
| 4 Bedrooms | 275 | 269 | -2.2% |
| 5+ Bedrooms | 161 | 157 | -2.5% |
Summary: The Rochester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 262 | 289 | +10.3% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
223 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rochester, you could pay more than the asking price. 77.2% of homes here sold above asking price last month.
Summary: A total of 289 homes were sold or pending in Rochester in March 2024, up by 10.3% month-over-month. Of the 289 sold homes, 18% were sold under asking, 5% were sold at asking, and 77% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 16 Days | -14.7% |
Summary: Homes in Rochester had an average of 16 days on market in Mar 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
255 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
9 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, 289 homes were sold in Rochester; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.