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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rochester Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Rochester Township was a Seller's Market.

Key Takeaway

Rochester Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Rochester Township, IN

How much do homes in Rochester Township, IN cost?

Median Sold Price

$187,500

$137/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$106,950(-36.3%)

Key Takeaway

Homes in Rochester Township have sold for 36.3% less than they did a month ago.

Summary: The median home sold price in Rochester Township was $187,500 in October 2024, down 36.3% from last month, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $325K-
N/A
2 $350K$165K
-52.9%
3 $254.5K$165K
-35.2%
4 $281.5K$485K
+72.3%
5+ -$420K
N/A

Summary: Rochester Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 52.9%, 3 bedroom homes decreased by 35.2%, 4 bedroom homes increased by 72.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Richland Township
+11.8%
Rochester Township
-36.3%
Rochester
-36.3%

Housing Supply in Rochester Township, IN

How many homes are available in Rochester Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5653-5.4%

Summary: The Rochester Township real estate market had 53 homes for sale in October 2024, a 5.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 911
+22.2%
3 2724
-11.1%
4 1615
-6.3%
5+ 33
0.0%

Summary: The Rochester Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
168-50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rochester Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Rochester Township in October 2024, down by 50.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Rochester Township, 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 17 Days Ago

Newest Listings in Rochester Township, IN

Nearby Markets to Rochester Township, IN

What housing markets are near Rochester Township, IN?