$3,086 Closing Credit*
$259,900
1,394 SqFt
2 Beds
•1 Full Bath
Listing Office: HOMESTEAD ROAD
Is Rochester Township, MN 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 Township has remained a Seller's Market.
Key Takeaway
Rochester Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rochester Township, MN
How much do homes in Rochester Township, MN cost?
Median Sold Price
$324,990
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,544(+4.7%)
Key Takeaway
Homes in Rochester Township have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Rochester Township was $324,990 in October 2024, up 4.7% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | $125K | -5.3% |
| 2 Bedrooms | $225K | $242K | +7.6% |
| 3 Bedrooms | $273.1K | $282.4K | +3.4% |
| 4 Bedrooms | $361K | $375K | +3.9% |
| 5+ Bedrooms | $550K | $555K | +0.9% |
Summary: Rochester Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Rochester | $309.9K | $325K | +4.9% |
| Rochester Township | $310.4K | $324.9K | +4.7% |
| Marion Township | $425.7K | $430K | +1.0% |
Housing Supply in Rochester Township, MN
How many homes are available in Rochester Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 623 | 624 | 0.2% |
Summary: The Rochester Township real estate market had 624 homes for sale in October 2024, a 0.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 97 | 102 | +5.2% |
| 3 Bedrooms | 186 | 187 | 0.5% |
| 4 Bedrooms | 226 | 216 | -4.4% |
| 5+ Bedrooms | 109 | 111 | +1.8% |
Summary: The Rochester Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 1.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 146 | 146 | 0.0% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rochester Township, you may be able to get a good deal. 46.6% of homes here sold below asking price last month.
Summary: A total of 146 homes were sold or pending in Rochester Township in October 2024, the same as the previous month. Of the 146 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Rochester Township, MN
How long does it take to sell a home in Rochester Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 39 Days | +17.4% |
Summary: Homes in Rochester Township had an average of 39 days on market in Oct 2024, up by 17.4% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rochester Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 146 homes were sold in Rochester Township; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
