Rochester MN Real Estate Market Blog

There are currently 1129 residential properties listed for sale in Rochester, Minnesota, with an average list price of $240,442 (median $184,900) and an average of 157 days on the market.

Last week (June 16-22, 2008) 39 homes sold (went under contract to pending). These properties had an average list price of $176,496 (median $149,900) and average market time of 97 days. During this time, there were 59 closings. Average market time for these properties was 144 days. At $235,996, the average sold price was, on average, 105.62% of the original list price and 110.32% of the asking price ($213,916).

There were 56 new listings last week with average list price of $205,746 (median $157,900) and 12 listings that came back on th emarket (avg. list price of $207,041, med. $169,900, and avg. mkt. time of 179 days). One listing was withdrawn, 14 cancelled, 12 expired, and 15 were extended.

Related posts:

1. Local Real Estate Market Conditions for Rochester, MN (week of 11/3-11/9/08)
2. Market Conditions for Rochester Minn (week of June 2 through 8, 2008)
3. Rochester, MN Real Estate Market Conditions (Oct 27-Nov 2, 2008)
4. Rochester MN Real Estate Market Conditions (9/8/08-9/14/08)
5. Rochester MN Area Real Estate Market Conditions (9/29-10/5/08)