Rochester MN Residential Real Estate Market (Aug 11-17, 2008)

There were 33 homes that went under contract (sold) last week (August 11-17, 2008) in Rochester, Minnesota.  The average list price for these homes was $202,257 (median $140,900); average market time to pending was 131 days.  Last week there were 27 closings of sold residential properties.  The average sold price of $195,690 (median $162,500) was 98.24% of the listing price, 93.89% of the original asking price.  Average market time for these properties was 132 days.

Last week there were 34 new listings (avg. list $232,622, median $169,900) and 10 listings that came back on the market (avg. list $155,890, median $144,900, avg. of 221 days on the market).  One listing was withdrawn, 18 cancelled, 12 expired, and 16 extended.

There are currently 1064 residential properties for sale in Rochester, MN with an average list price of $244,453 (median $184,900) and 164 days on the market.

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