Rochester MN Real Estate Market Blog

Good morning!

There are currently 1083 residential properties for sale in Rochester, Minnesota, with an average list price of $229,183 (median $176,500) and an average of 147 days on the market.

Last week (April 6-12, 2009) there were 70  new listings and 2 listings that came back on the market.  The average asking price was $202,685 (median $161,550) and $304,900 (median $209,900) respectively.  Three listings expired last week, 10 cancelled, and 8 were extended.

There were 54 homes that went under contract (to pending) last week.  Average list price was $164,623 (median $154,900) and average market time was 82 days.

Eight homes sold (closed) last week.  The average sold price of $198,200 (median $153,100) was 97.34% of the list price and 97.09% of the original  asking price.  These homes averaged 89 days on the market.

Good Morning!

There are currently 1,090 residential properties for sale in Rochester, MN.  The average list price for these properties is $227,165 (median $174,900) and the average market time is 148 days.

Last week (March 30 to April 5, 2009) there were 51 new listings and 16 that came back on the market with an average asking price of $189,641 (median $169,900) and $212,093 ($149,900) respectively.  Two listings were withdrawn, seven canceled, 14 expired, and 21 extended.

There were 40 homes that went under contract (to pending) last week.  These properties had an average list price of $173,355 (median $154,500) and an average of 113 days on the market.

The 29 homes that sold (closed) last week had an average sold price of $181,221 (median $155,000), 98.69% of the list price, 94.06% of the original list price.  These homes had an average market time of 129 days.

Good morning!  Let’s keep thinking Spring!

Last week (March 23-29, 2009) there were 63 new listings and 13 that came back on the market.  Average list price was $201,346 (median $165,900) and $233,107 (median $159,900) respectively. Seven listings canceled, one was withdrawn, ten expired, and fourteen were extended.

There were 35 residential properties that went under contract (to pending) last week with an average list price of $175,560 (median $149,500) and an average market time of 90 days.

The 18 homes that sold (closed) last week had an average sold price of $167,641 (median $142,445), 93.22% of the list price, 84.56% of the original list price.  These homes had an average of 179 days on the market.

There are currently 1,096 homes for sale in Rochester, Minnesota.  Average asking price is $227,482 (median $174,900); average market time is 149 days.

Happy Monday!

There are currently 1035 residential properties for sale in Rochester, Minnesota with an average asking price of $226,907 (median $174,900) and an average of 155 days on the market.

Last week (March 9 through 15, 2009) there were 73 new listings and 9 listings that came back on the market.  Average list price for these properties was $187,119 (median $159,900) and $187,366 (median $160,000) respectively.

There were 29 listings that went under contract (to pending) last week.  Average asking price was $170,116 (median ($164,900) and average market time was 88 days.

The 11 homes that sold (closed) last week had an average sold price of $180,556 median ($151,500), 97.78% of the list price, 91.54% of the original list price.  These properties had an average of 101 days on the market.

Four listings were withdrawn last week, 8 canceled, 11 expired, and 8 were extended.

Last week (March 2-8, 2009) 21 homes sold in Rochester, Minnesota.  The average sold price of $188,948 (median $143,600) was 96.35% of the average list price, 88.31% of the original asking price.  These homes had an average market time of 140 days.

There were 90 new listings last week and 19 properties that came back on the market.  The average list price for these properties was $212,507 (median $174,900) and $199,715 (median $169,900) respectively.

Last week 27 homes went to pending (under contract) with an average price of $180,978 (median $156,900) and an average of 135 days on the market.

Seven listings expired, two were withdrawn, 12 canceled, and 14 were extended.

There are currently 997 active residential listings in Rochester.  Average price is $229,302 (median $175,000) and average market time is 158 days.

There are currently 931 residential properties for sale in Rochester, MN with an average list price of $230,608 (median $176,500) and an average market time of 165 days.

Last week (February 23 through March 1, 2009) there were 74 new listings and 6 that came back on the market.  Average list price for these properties was $211,671 (median $159,900) and $223,183 (median $194,900) respectively.

There were 32 homes that went to pending last week (under contract).  Average list price was $178,730 (median $144,900) and average market time was 151 days.

The 41 homes that sold (closed) had an average sold price of $155,720 (median $137,500), which was 97.22% of the list price, 91.5% of the original asking price.  These homes had an average of 137 days on the market.

Fourteen listings were canceled last week, 13 expired and 18 were extended.

There are currently 912 residential properties for sale in Rochester, Minnesota with an average list price of $228,150 (median $175,000) and an average of 174 days on the market.

Last week (February 16-22, 2009) 16 homes sold (closed). The average sold price of $156,554 (median $133,500) was 97.71% of the asking price, 90.96% of the original list price.  The average market time for these homes was 136 days.

Twenty-eight homes went under contract (to pending) last week with an average list price of $176,503 (median $159,900) and an average of 130 days on the market. 

There were 75 new listings last week and 13 that came back on the market with average list price of $214,065 (median $159,900) and $160,449 (median $164,900) respectively.  Two listings were withdrawn, 10 cancelled, 6 expired and 18 were extended.

Hope everyone had a great Presidents’ Day!

There are currently 873 residential properties for sale in Rochester, Minnesota.  The average list price for these properties is $226,686 (median $176,500) and average market time is 181 days.

There were 69 new listings last week (February 9-15, 2009) and 15 that came back on the market.  Average asking price was $230,757 (median $184,900) and $246,833 (median $199,900) respectively.

Last week 29 residential homes went to pending (under contract) with an average list price of $238,256 (median $199,900) and an average of 160 days on the market.  The 3 homes that closed (sold) last week had an average sold price of $134,966 (median $75,000), which was 97.6% of the asking price, 89% of the original list price.  These properties had an average of 71 days on the market.

One listing was withdrawn, 11 cancelled, 5 expired, and 20 were extended last week.

There’s good news if your a first time home buyer!  The president just signed the American Recovery and Reinvestment Act of 2009. This means that if your a first time home buyer and your income is less than $75,000 ($150,000 on a joint return) your are eligible for an $8,000 tax credit in the year 2009.  Better yet, any unused portion of this amount would be refunded to you when you file your 2009 taxes!  The tax credit is good for any single family home, town home or condo. Best of all, unlike last years plan, this credit is not a loan and does not have to be repaid if you stay in your home for at least 3 years.  For a fact sheet, click here: www.shawnburyska.com/2009FirstTimeBuyerTaxCredit.pdf

Happy Groundhog Day!

There are currently 812 homes for sale in Rochester, Minnesota.  The average asking price for these properties is $227,055 (median $178,000) and average market time is 193 days.

Last week (January 26, 2009 through February 1, 2009) there were 839 residential properties for sale in Rochester, MN, with an average list price of $227,321 (median $177,900) and average market time of 188 days. 

There were 30 new listings and 13 that came back onto the market last week.  Average list price was $226,063 (median $189,900) and $199,942 (median $157,900) respectively.

The 28 homes that went to pending (under contract) last week averaged 124 days on the market and $168,562 asking price (median $159,900).  The average sold price for the 14 homes that closed was $178,678 (median $152,400), 95.94%  of the original list price, 99.57% of the asking price.  Average market time for these homes was 118 days.

Last week one listing was withdrawn, 12 canceled, 8 expired and 24 were extended.