$8,538 Closing Credit*
$719,000
1,793 SqFt
2 Beds
•2 Full Baths, 1 Partial
#73311420, Brooke Clayton, Listing Office: RE/MAX Vantage
Is Rochester, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Rochester has remained a Seller's Market.
Key Takeaway
Rochester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rochester, MA
How much do homes in Rochester, MA cost?
Median Sold Price
$667,425
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,425(+10.3%)
Key Takeaway
Homes in Rochester have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Rochester was $667,425 in October 2024, up 10.3% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $363K | - | N/A |
| 2 Bedrooms | $518K | $480K | -7.3% |
| 3 Bedrooms | $555K | $650K | +17.1% |
| 4 Bedrooms | $745K | $722.5K | -3.0% |
| 5+ Bedrooms | $700K | $1.0M | +42.9% |
Summary: Rochester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 42.9%.
Median Sold Price Compared To Nearby Cities
| Mattapoisett | $637.5K | $742.5K | +16.5% |
| Rochester | $605K | $667.4K | +10.3% |
| Wareham | $405K | $444.9K | +9.9% |
| West Wareham | $410K | $439.9K | +7.3% |
| Marion | $780K | $794.5K | +1.9% |
Housing Supply in Rochester, MA
How many homes are available in Rochester, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Summary: The Rochester real estate market had 17 homes for sale in October 2024, a 22.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rochester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rochester, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rochester in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Rochester, MA
How long does it take to sell a home in Rochester, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 51 Days | +154.1% |
Summary: Homes in Rochester had an average of 51 days on market in Oct 2024, up by 154.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rochester are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Rochester; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
