Rochester MN Real Estate Market Conditions (9/8/08-9/14/08)

There are currently 1024 residential properties for sale in Rochester, Minnesota with an average list price of $243,065 (median $184,900) and an average of 162 days on the market.

Last week (September 8 to 14, 2008) there were 29 homes sold (closed) with an average market time of 126 days.  The average sold price of $169,937 (median $154,900) was 97% of the list price, 92% of the original asking price.

There were 34 residential properties that went to pending with an average of 103 days on the market, average list price of $199,616 (median $149,900), outpaced by 49 new listings and 19 back on the market listings.  Average list price for the new listings was $187,268 (median $159,900); average for the back on the market listings was $276,373 (median $204,900) and an average of 205 days on the market.  Ten listings canceled, 16 listings expired, 13 were extended.

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