Is Rochester, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rochester has remained a Seller's Market.
Housing Prices in Rochester, NY
How much do homes in Rochester, NY cost?
Median Sold Price
$200,023
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rochester was $200,023 in April 2024, up 9.4% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $128K | +16.4% |
2 Bedrooms | $155.3K | $180K | +15.9% |
3 Bedrooms | $181.9K | $205K | +12.7% |
4 Bedrooms | $203.9K | $210K | +3.0% |
5+ Bedrooms | $250K | $183.3K | -26.7% |
Summary: Rochester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 26.7%.
Median Sold Price Compared To Nearby Cities
Kerhonkson | $326K | $372.5K | +14.3% |
Rochester | $182.8K | $200K | +9.4% |
Gardiner | $613.5K | $560K | -8.7% |
Housing Supply in Rochester, NY
How many homes are available in Rochester, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,150 | 1,085 | -5.7% |
Summary: The Rochester real estate market had 1,085 homes for sale in April 2024, a 5.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 143 | 142 | -0.7% |
3 Bedrooms | 524 | 480 | -8.4% |
4 Bedrooms | 307 | 305 | -0.7% |
5+ Bedrooms | 167 | 148 | -11.4% |
Summary: The Rochester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 11.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
352 | 285 | -19.0% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
213 Homes Were Sold
Over Asking
Summary: A total of 285 homes were sold or pending in Rochester in April 2024, down by 19.0% month-over-month. Of the 285 sold homes, 16% were sold under asking, 9% were sold at asking, and 75% were sold over asking.
Days on Market for Rochester, NY
How long does it take to sell a home in Rochester, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 22 Days | +58.0% |
Summary: Homes in Rochester had an average of 22 days on market in Apr 2024, up by 58% compared to last year.
Breakdown of Home Sale Times
248 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 285 homes were sold in Rochester; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.