Is Rochester, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rochester is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Rochester was a Neutral Market.

Key Takeaway

Rochester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rochester, IN

How much do homes in Rochester, IN cost?

Median Sold Price

$239,500

$130/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$52,000(+27.7%)

Key Takeaway

Homes in Rochester have sold for 27.7% more than they did a month ago.

Summary: The median home sold price in Rochester was $239,500 in November 2024, up 27.7% from last month, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $165K$166K
+0.6%
3 $165K$270K
+63.6%
4 $485K$220K
-54.6%
5+ $420K-
N/A

Summary: Rochester housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 63.6%, 4 bedroom homes decreased by 54.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Rochester
+27.7%
Rochester Township
+27.7%

Housing Supply in Rochester, IN

How many homes are available in Rochester, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
53530.0%

Summary: The Rochester real estate market had 53 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 129
-25.0%
3 2424
0.0%
4 1418
+28.6%
5+ 32
-33.3%

Summary: The Rochester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
814+75.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rochester, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Rochester in November 2024, up by 75.0% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Rochester, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Rochester, IN

Nearby Markets to Rochester, IN

What housing markets are near Rochester, IN?