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

Housing Market Conditions



Gauge showing Rochester is a neutral's market


Difference Since August 2022

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

How much do homes in Rochester, WA 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 1.1% less than they did a year ago.

Summary: The median home sold price in Rochester was $479,900 in August 2023, down 1.1% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 --
2 $350K$402.4K
3 $485K$475K
4 $550K$615K
5+ $590K-

Summary: Rochester housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Thurston South

Housing Supply

How many homes are available in Rochester, WA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Rochester real estate market had 49 homes for sale in August 2023, a 40.0% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
2 23
3 2435
4 79
5+ 22

Summary: The Rochester housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 45.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rochester, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Rochester in August 2023, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
24 Days32 Days+30.3%

Summary: Homes in Rochester had an average of 32 days on market in Aug 2023, up by 30.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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, 8 homes were sold in Rochester; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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

Nearby Markets

What housing markets are near Rochester, WA?