Rochester MN Real Estate Market Blog

I’ve taken a new listing at 716 13^th St SE Rochester, MN 55904.  It is a 4 bedroom, 2 bath ranch in Meadow Park.  The listing number is 4017714 and the home info line number is 398230.  You can find all the details here.

I’ve taken a new listing at 5037 Foxfield Dr NW Rochester, MN 55901.  It is a 2 bedroom, 4 bath 2 story walkout townhome in Foxfield.  The listing number is 4017861 and the home info line number is 397680.  You can find all the details here.

I’ve taken a new listing at 301 23^rd St SW Rochester, MN 55902.  It is a 3 bedroom, 2 bath walkout ranch in Hilmer’s High View.  The listing number is 4013600 and the home info line number is 396270.  You can find all the details here.

I’ve taken a new listing at 3329 Dorset Ln NW Rochester, MN 55901.  It is a 5 bedroom, 3 bath walkout ranch in Lincolnshire North.  The listing number is 4017973 and the home info line number is 398240.  You can find all the details here.

There are currently 928 residential properties for sale in Rochester, MN with an average list price of $223,836 and average market time of 173 days.  According to the MLS (Multiple Listing Service) there were 967 total active residential listings last week (February 1 to 7, 2010) an increase of 5% over the same period a year ago.

There were 67 new listings last week, no change from last year.  The average asking price for these homes was $197,556 (median $169,900).  There were 27 listings that came back on the market last week with an average price of $224,748 (median $174,900).  Last week 1 listing was withdrawn, 19 canceled, 6 expired, and 27 were extended.

Last week’s 20 listings that went to pending (under contract) represented a 44% decrease from a year ago and the 8 listings that sold were a 60% drop.  The pending listings had an average asking price of $149,671 (median 139,900) and an average of 181 days on the market.  The sold (closed) properties had an average market time of 152 days.  The average sold price of $200,762 (median $200,600) was 93% of the asking price, 90.49% of the original list price.  Taken by quadrant, average sale price was 100% of list for Northwest Rochester, an increase of 3%; 96% for Northeast Rochester, an increase of 4%; 110% for Southeast Rochester, an increase of 7%; and 85% for Southwest Rochester, a decrease of 15%.

I’ve taken a new listing at 4414 Manor Woods Pl NW Rochester, MN 55901.  It is a 4 bedroom, 2 bath split in Manor Woods West.  The listing number is 4017568 and the home info line number is 398470.  You can find all the details here.

I’ve taken a new listing at 410 Georgetown Dr SE Stewartville, MN 55976.  It is a 3 bedroom, 3 bath 2 story.  The listing number is 4010357 and the home info line number is 394730.  You can find all the details here.

I’ve taken a new listing at 703 20^th Ave SW Rochester, MN 55902.  It is a 4 bedroom, 3 bath split in Folwell West.  The listing number is 4017721 and the home info line number is 393340.  You can find all the details here.

I’ve taken a new listing at 5175 Par Ln NW Rochester, MN 55901.  It is a 4 bedroom, 4 bath walkout 2 story in Golfview Estates.  The listing number is 4017871 and the home info line number is 397080.  You can find all the details here.

I’ve taken a new listing at 116 11^th Ave NW Rochester, MN 55901.  It is a 3 bedroom, 1 bath 2 story in Cummings.  The listing number is 4017896 and the home info line number is 397100.  You can find all the details here.