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by Realtor Shawn Buryska of Coldwell Banker Burnet

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Monday Morning Market Update for Rochester, MN

June 29th, 2009 · No Comments

There are currently 1026 homes for sale in Rochester, Minnesota.  The average asking price for these properties is $241,653 (median $184,900) and the average market time is 149 days.

There were 43 new listings last week (June 22 to June 28, 2009) and 12 that came back on the market.  Average list price was $235,257 (median $169,900) and $177,633 (median $163,900) respectively.  Four listings expired, 7 cancelled, and 17 were extended.

The 34 properties that went under contract (to pending) last week had an average asking price of $205,058 (median $149,900) and an average of 157 days on the market.

There were 34 homes that closed (sold) last week with average market time of 124 days.  The average sold price of $211,741 (median $166,125) was 96.46% of the asking price, 92.57 of the original list price.

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Recent Real Estate News

2010-08-30

Monday Morning Rochester Area Real Estate Market Update
The Rochester real estate market saw a significant reduction of new listings coming on the market with only 26 new listings verses 57 for the same week last year.  Sales were steady with 26 homes pended last week compared to 27 for the same time... read more