According to the MLS (Multiple Listing Service) there are 1199 residential properties for sale in Rochester, Minnesota with an average list price of $222,133 (median $172,900) and an average market time of 146 days.
Last week (March 15 to 22, 2010) there were 81 new listings in Rochester down slightly from last year (87) with an average asking price of $188,858 (median $159,900). The 16 listings that came back onto the market had an average asking price of $195,667 (median $157,900). One listings was withdrawn, 9 canceled, 9 expired and 26 extended.
The 37 pending listings were a 19% increase over last year. Average asking price was 175,751 (median $157,900); average market time was 96 days. The 12 listings that closed (sold) last week had an average sold price of $162,900 (median $131,900), 90.84% of the original list price, 96% of the asking price. These homes had an average of 159 days on the market.