Is Rochester, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
At the same time last year, Rochester was a Seller's Market.
Housing Prices
How much do homes in Rochester, WA cost?
Median Sold Price
$479,900
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
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
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $350K | $402.4K | +15.0% |
3 Bedrooms | $485K | $475K | -2.1% |
4 Bedrooms | $550K | $615K | +11.8% |
5+ Bedrooms | $590K | - | N/A |
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
Bunker | $540K | $540K | 0.0% |
Thurston South | $460K | $455.9K | -0.9% |
Rochester | $485K | $479.9K | -1.1% |
Housing Supply
How many homes are available in Rochester, WA?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
35 | 49 | +40.0% |
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
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 24 | 35 | +45.8% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 2 | 2 | 0.0% |
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 2023 | Aug 2023 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
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 2022 | Aug 2023 | CHANGE |
---|---|---|
24 Days | 32 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
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.