There are currently 853 residential properties for sale in Rochester, MN according to the Multiple Listing Service (MLS), with an average list price of $232,999 (median $178,000) and average market time of 178 days.
Last week (November 30 to December 6, 2009) there were 31 new listings, more than double the number from a year ago. The average list price for these homes was $189,011 (median $169,900). One listing was withdrawn, 9 were cancelled, 28 expired, and 39 were extended. There were 20 listings that came back onto the market. These properties had an average asking price of $246,497 (median $179,900) and an average of 191 days on the market.
There were 23 listings that went to pending (under contract) last week, down 8% from a year earlier. The average asking price for these homes was $195,145 (median $159,900); average market time was 132 days.
The 25 homes that sold (closed) last week represented a 39% increase over the same time a year ago. Average sold price was $241,537 (median $159,900), 92.4% of the list price, 89.4% of the original list price. These homes averaged 124 days on the market.