Is East Rochester, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Rochester is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, East Rochester has remained a Seller's Market.

Key Takeaway

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

Housing Prices in East Rochester, NY

How much do homes in East Rochester, NY cost?

Median Sold Price

$212,500

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,500(+6.3%)

Key Takeaway

Homes in East Rochester have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in East Rochester was $212,500 in November 2024, up 6.3% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $147.3K$161.2K
+9.4%
3 $210K$215K
+2.4%
4 $214.5K$217.7K
+1.5%
5+ $350K$245K
-30.0%

Summary: East Rochester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 30%.

Median Sold Price Compared To Nearby Cities

Perinton
+11.9%
East Rochester
+6.3%

Housing Supply in East Rochester, NY

How many homes are available in East Rochester, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2215-31.8%

Summary: The East Rochester real estate market had 15 homes for sale in November 2024, a 31.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 105
-50.0%
3 86
-25.0%
4 02
+100.0%
5+ 32
-33.3%

Summary: The East Rochester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Rochester, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in East Rochester in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for East Rochester, NY

How long does it take to sell a home in East Rochester, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
11 Days8 Days-29.6%

Summary: Homes in East Rochester had an average of 8 days on market in Nov 2024, down by 29.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Rochester are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in East Rochester; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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 East Rochester, NY

Nearby Markets to East Rochester, NY

What housing markets are near East Rochester, NY?