Monday Morning Market Update for Rochester, MN

Rochester, Minnesota’s residential real estate market saw an uptick in signed contracts last week with 32 homes going under contract, more than twice as many as the previous week and 52% more than the same time period a year ago.  Closings were also double the previous week and more than 50% higher than last year. 

There were 40 new residential listings last week in Rochester with an average list price of $194,425; the 32 homes with signed contracts had an average list prive of $181,684.  The 14 closings last week had an average market time of 170 days, average sold price of $150,264.

There are currently 816 residential properties for sale in Rochester, Minnesota with an average list price of $206,234 and an average of 215 days on the market.

To view this past week’s area real estate activity, click here for new listings and click here for pended listings.

This entry was posted in Real Estate News and tagged , , , , , , , , , . Bookmark the permalink.