Rochester MN Real Estate Market Blog

There are currently 980 residential properties for sale in Rochester, Minnesota with an average list price of $238,424 (median $179,900) and an average of 163 days on the market.

Last week (September 29 to October 5, 2008) there were 29 homes sold (closed) with an average market time of 78 days.  The average sold price of $144,201 (median $127,000) was 97% of the list price, 93% of the original asking price.

There were 27 residential properties that went to pending with an average of 108 days on the market, average list price of $158,422 (median $129,900), outpaced by 27 new listings and 14 back on the market listings.  Average list price for the new listings was $213,129 (median $169,900); average for the back on the market listings was $241,807 (median $209,900) and an average of 154 days on the market.  Fifteen listings canceled, 44 listings expired, 26 were extended.

Related posts:

1. Rochester MN Real Estate Market Conditions (9/8/08-9/14/08)
2. Rochester MN Real Estate Market Conditions (September 15-22, 2008)
3. Real Estate Market Conditions for Rochester, MN (Sept 1 to 7, 2008)
4. Local Real Estate Market Conditions for Rochester, MN (week of 11/3-11/9/08)
5. Rochester Minnesota Real Estate Market Conditions (week of 6/16-6/22/08)