$7,422 Closing Credit*
$624,990
2,786 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Lennar Sales Corp
Is Rochester Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$325,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,759(+3.4%)
Key Takeaway
Homes in Rochester Township have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Rochester Township was $325,000 in November 2024, up 3.4% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $149.9K | +33.8% |
| 2 Bedrooms | $224.9K | $243.1K | +8.1% |
| 3 Bedrooms | $274.6K | $285K | +3.8% |
| 4 Bedrooms | $365K | $375K | +2.7% |
| 5+ Bedrooms | $550K | $585K | +6.4% |
Summary: Rochester Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.8%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Marion Township | $379K | $445K | +17.4% |
| Rochester | $314.1K | $325K | +3.5% |
| Rochester Township | $314.2K | $325K | +3.4% |
Housing Supply in Rochester Township, MN
How many homes are available in Rochester Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 592 | 545 | -7.9% |
Summary: The Rochester Township real estate market had 545 homes for sale in November 2024, a 7.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 101 | 97 | -4.0% |
| 3 Bedrooms | 181 | 163 | -9.9% |
| 4 Bedrooms | 200 | 182 | -9.0% |
| 5+ Bedrooms | 102 | 96 | -5.9% |
Summary: The Rochester Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 155 | 106 | -31.6% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
26 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. 45.3% of homes here sold below asking price last month.
Summary: A total of 106 homes were sold or pending in Rochester Township in November 2024, down by 31.6% month-over-month. Of the 106 sold homes, 45% were sold under asking, 30% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 38 Days | +6.1% |
Summary: Homes in Rochester Township had an average of 38 days on market in Nov 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
9 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 November 2024, 106 homes were sold in Rochester Township; 52% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
