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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rochester is a seller's market

Buyer's
Market

Difference Since July 2021

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.

How much do homes in Rochester, WA cost?

Median Sold Price

$485,000

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$74,000(+18.0%)

Key Takeaway

Homes in Rochester have sold for 18% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 --
N/A
2 $317K$440K
+38.8%
3 $399K$485K
+21.6%
4 $485K$552.5K
+13.9%
5+ $374K$590K
+57.8%

Median Sold Price Compared To Nearby Cities

Olympia West
+33.1%
Rochester
+18.0%
Thurston South
+14.8%
Centralia-Chehalis
+12.9%
Bunker
+4.6%

How many homes are available in Rochester, WA?

Number of Homes For Sale

Jun 2022Jul 2022%
5654-3.6%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 34
+33.3%
3 4544
-2.2%
4 74
-42.9%
5+ 12
+100.0%

Number of Homes Sold

Jun 2022Jul 2022%
1913-31.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 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. 53.8% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
9 Days14 Days+61.5%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Rochester, WA

Rochester, WA has 54 homes on the market. In July 2022 in Rochester, WA there were 3.6% less homes for sale than in June 2022. Listings spent 14 days on the market in July 2022, and had a median list price of $485,000 during the same period. Between June 2022 and July 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 38.8%, 3 bedrooms properties prices increased by 21.6%, prices of 4 bedrooms properties increased by 13.9%, 5 bedrooms properties prices increased by 57.8%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went up by 33.3%, volume of 3 bedrooms homes went down by 2.2%, volume of 4 bedrooms homes went down by 42.9%, the quantity of 5 bedrooms homes went up by 100%. In July 2022, from all listings sold in Rochester, WA there were more than 7 sold above asking price, over 2 sold below and more than 4 were sold right at the asked price.

Related Housing Market Reports