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.