Monday Morning Real Estate Market Update for Rochester, MN

Good Morning!

There are currently 1023 residential properties for sale in Rochester.  These homes have an average list price of $241, 240 (median $184,235) and an average market time of 148 days.

Last week (June 15 to 21, 2009) there were 49 new listings and 15 listings that came back on the market.  Average asking price was $196,889 (median $157,900) and $227,093 (median $165,900) respectively. Eight listings expired, 14 canceled, and 13 were extended.

There were 27 homes that went under contract (to pending) last week with an average list price of $185,490 (median $139,900) and an average of 112 days on the market. The 48 homes that sold last week (closed) had an average market time of 99 days.  The average sold price of $183,631 (median $155,500) was 98.8% of the asking price, 95.75% of the original list price.

Have a great week!

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