Monday Morning Market Update for Rochester, MN

Good morning!

There are currently 1276 residential homes for sale in Rochester, Minnesota with an average list price of $224,120 (median $174,900) and an average market time of 143 days.

According to the Multiple Listing Service (MLS) last week ( there were 82 new listings and 11 that came back on the market with an average asking price of $216,163 (median $165,000) and $202,012 (median $156,935) respectively. The 39 listings that went to pending had an average price of $159,957 (median $149,000) and an average of 64 days on the market.  The 18 homes that sold (closed) had an average selling price of $185,980 (median $176,25), 97% of the list price, 91.8% of the original asking price.

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