Is Rochester, PA 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 Neutral Market.
Key Takeaway
Rochester is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Rochester, PA
How much do homes in Rochester, PA cost?
Median Sold Price
$135,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rochester have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Rochester was $135,000 in March 2024, up 14.4% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $108K | N/A |
| 2 Bedrooms | $54K | $120.6K | +123.4% |
| 3 Bedrooms | $135K | $142.9K | +5.9% |
| 4 Bedrooms | $203.7K | $160K | -21.5% |
| 5+ Bedrooms | $189.9K | $42K | -77.9% |
Summary: 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 123.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 21.5%, and 5+ bedroom homes decreased by 77.9%.
Median Sold Price Compared To Nearby Cities
| Monaca | $155K | $212.5K | +37.1% |
| Rochester | $118K | $135K | +14.4% |
| Rochester Township | $147.5K | $136K | -7.8% |
Housing Supply in Rochester, PA
How many homes are available in Rochester, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 33 | -5.7% |
Summary: The Rochester real estate market had 33 homes for sale in March 2024, a 5.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rochester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rochester, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Rochester in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Rochester, PA
How long does it take to sell a home in Rochester, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 71 Days | 10 Days | -85.8% |
Summary: Homes in Rochester had an average of 10 days on market in Mar 2024, down by 85.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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, 5 homes were sold in Rochester; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
