Is Rochester, WA 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.
Housing Prices in Rochester, WA
How much do homes in Rochester, WA cost?
Median Sold Price
$483,250
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rochester was $483,250 in March 2024, down 0.4% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $440K | $319K | -27.5% |
3 Bedrooms | $484.9K | $480K | -1.0% |
4 Bedrooms | $592.5K | $609.9K | +2.9% |
5+ Bedrooms | - | $599.9K | N/A |
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 decreased by 27.5%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bunker | $511K | $555K | +8.6% |
Thurston South | $451.7K | $459.7K | +1.8% |
Rochester | $484.9K | $483.2K | -0.4% |
Housing Supply in Rochester, WA
How many homes are available in Rochester, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 32 | +3.2% |
Summary: The Rochester real estate market had 32 homes for sale in March 2024, a 3.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 25 | 24 | -4.0% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Rochester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Rochester in March 2024, down by 16.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% were sold over asking.
Days on Market for Rochester, WA
How long does it take to sell a home in Rochester, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
82 Days | 63 Days | -23.3% |
Summary: Homes in Rochester had an average of 63 days on market in Mar 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Rochester; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.