$225,000
15.67 Acres
Land
Gretchen Miller, Listing Office: ASPA
Is Rochester, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Rochester was a Seller's Market.
Key Takeaway
Rochester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rochester, WA
How much do homes in Rochester, WA cost?
Median Sold Price
$479,500
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$400(-0.1%)
Key Takeaway
The sold price of homes in Rochester has remained the same since last year.
Summary: The median home sold price in Rochester was $479,500 in November 2024, down 0.1% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $250K | N/A |
| 2 Bedrooms | $410K | $362.5K | -11.6% |
| 3 Bedrooms | $468K | $480K | +2.6% |
| 4 Bedrooms | $620K | $480K | -22.6% |
| 5+ Bedrooms | - | $599.9K | N/A |
Summary: 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 decreased by 11.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 22.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bunker | $512.5K | $575K | +12.2% |
| Thurston South | $460.3K | $460.3K | 0% |
| Rochester | $479.9K | $479.5K | -0.1% |
Housing Supply in Rochester, WA
How many homes are available in Rochester, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 50 | -9.1% |
Summary: The Rochester real estate market had 50 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 36 | 30 | -16.7% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rochester housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 6 | -57.1% |
Asking Price vs. Sold Price
4 Homes Were 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Rochester in November 2024, down by 57.1% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Rochester, WA
How long does it take to sell a home in Rochester, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 21 Days | -35.5% |
Summary: Homes in Rochester had an average of 21 days on market in Nov 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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, 6 homes were sold in Rochester; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.