Market Update for Rochester Minnesota

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.

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