Rochester MN Market Update

There are currently 1038 residential properties for sale in Rochester, Minnesota.  The average list price for these homes is $237,670 (median $179,900); they average 152 days on the market.

There were 53 new listings last week (April 27 to May 3, 2009) and 13 that came back on the market.  Average asking price was $233,966 (median $164,900) and $$190,600 (median $156,900) respectively.  Four listings were withdrawn, four canceled, 13 expired and 23 were extended.

Last week there were 55 homes that went to pending (under contract) in Rochester.  These homes had an average asking price of $175,137 (median $159,900) and averaged 162 days on the market.

The 65 homes that sold last week (closed) had an average sold price of $158,715 (median $147,550), 97.39% of the list price, 92.98% of the original asking price.  The average market time for these homes was 111 days.

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