Is Rochester, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rochester has remained a Seller's Market.
Housing Prices in Rochester, PA
How much do homes in Rochester, PA cost?
Median Sold Price
$135,000
$97/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Summary: The median home sold price in Rochester was $135,000 in May 2024, the same as last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108K | - | N/A |
2 Bedrooms | $92.7K | $100K | +7.8% |
3 Bedrooms | $143.9K | $145K | +0.8% |
4 Bedrooms | $234.5K | $165K | -29.6% |
5+ Bedrooms | $230K | $32.5K | -85.9% |
Summary: Rochester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 29.6%, and 5+ bedroom homes decreased by 85.9%.
Median Sold Price Compared To Nearby Cities
Rochester | $135K | $135K | 0.0% |
Rochester Township | $138.5K | $135.5K | -2.2% |
Monaca | $215K | $200K | -7.0% |
Housing Supply in Rochester, PA
How many homes are available in Rochester, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 35 | +9.4% |
Summary: The Rochester real estate market had 35 homes for sale in May 2024, a 9.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 17 | 23 | +35.3% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rochester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 35.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Rochester in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Rochester, PA
How long does it take to sell a home in Rochester, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 52 Days | +67.7% |
Summary: Homes in Rochester had an average of 52 days on market in May 2024, up by 67.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Rochester; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.