$4,214 Closing Credit*
$354,900
1,678 SqFt
3 Beds
•2 Full Baths
James Robert Blaine, Listing Office: Howard Hanna
Is Rochester, NY 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 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, NY
How much do homes in Rochester, NY cost?
Median Sold Price
$210,022
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,422(+6.3%)
Key Takeaway
Homes in Rochester have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Rochester was $210,022 in November 2024, up 6.3% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109K | $144.8K | +32.9% |
| 2 Bedrooms | $170K | $189.6K | +11.6% |
| 3 Bedrooms | $199.9K | $215K | +7.6% |
| 4 Bedrooms | $212.2K | $222.8K | +5.0% |
| 5+ Bedrooms | $220.5K | $184.2K | -16.5% |
Summary: Rochester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.9%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Kerhonkson | $320K | $372.5K | +16.4% |
| Rochester | $197.5K | $210K | +6.3% |
| Gardiner | $580K | $475K | -18.1% |
| Accord | $996K | $525K | -47.3% |
Housing Supply in Rochester, NY
How many homes are available in Rochester, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,495 | 1,130 | -24.4% |
Summary: The Rochester real estate market had 1,130 homes for sale in November 2024, a 24.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 203 | 137 | -32.5% |
| 3 Bedrooms | 709 | 538 | -24.1% |
| 4 Bedrooms | 381 | 286 | -24.9% |
| 5+ Bedrooms | 194 | 159 | -18.0% |
Summary: The Rochester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 32.5%, 3 bedroom homes decreased by 24.1%, 4 bedroom homes decreased by 24.9%, and 5+ bedroom homes decreased by 18%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 426 | 379 | -11.0% |
Asking Price vs. Sold Price
82 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
271 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rochester, you could pay more than the asking price. 71.5% of homes here sold above asking price last month.
Summary: A total of 379 homes were sold or pending in Rochester in November 2024, down by 11.0% month-over-month. Of the 379 sold homes, 22% were sold under asking, 7% were sold at asking, and 72% were sold over asking.
Days on Market for Rochester, NY
How long does it take to sell a home in Rochester, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 15 Days | +14.2% |
Summary: Homes in Rochester had an average of 15 days on market in Nov 2024, up by 14.2% compared to last year.
Breakdown of Home Sale Times
327 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rochester are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 379 homes were sold in Rochester; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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