Rochester, MN Real Estate Conditions (Feb 25 – March 2, 2008)

There are currently 1068 active listings for sale in the Rochester, Minnesota residential real estate with an average list price of $235,391 and an average of 179 days on the market. 

Last week there were 85 new listings with an average asking price of $203,374 and an average of 6 days on the market.  There were 12 listings that came back onto the market last week (February 25 through March 2, 2008); average list price for these properties was $264,175 and average market time was 260 days.  The 36 listings that went under contract (to pending) had an average list price $213,876 and market time of 220 days.  There were 15 expired listings in Rochester and 4 canceled.

Thirty-two properties sold last week with an average list price of $190,536 and 162 days on the market, and an average sold price of $186,666.

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