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

Housing Market Conditions



Gauge showing Rochester is a seller's market


Difference Since August 2022

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

How much do homes in Rochester, NY cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Rochester have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Rochester was $187,391 in August 2023, up 6.5% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $103K$113.3K
2 $150K$163K
3 $175K$187.1K
4 $202K$207.6K
5+ $250K$245K

Summary: Rochester housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 2%.

Median Sold Price Compared To Nearby Cities


Housing Supply

How many homes are available in Rochester, NY?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Rochester real estate market had 1,376 homes for sale in August 2023, a 9.7% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 118
2 144149
3 790698
4 415353
5+ 164168

Summary: The Rochester housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes increased by 2.4%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

331 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. 83% of homes here sold above asking price last month.

Summary: A total of 399 homes were sold or pending in Rochester in August 2023, down by 9.5% month-over-month. Of the 399 sold homes, 13% were sold under asking, 4% were sold at asking, and 83% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
9 Days10 Days+4.3%

Summary: Homes in Rochester had an average of 10 days on market in Aug 2023, up by 4.3% compared to last year.

Breakdown of Home Sale Times

382 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

4 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 August 2023, 399 homes were sold in Rochester; 96% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 1% 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 25 Days Ago

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Nearby Markets

What housing markets are near Rochester, NY?