$10,000 Closing Credit*
$875,000
2,094 SqFt
3 Beds
•2 Full Baths, 1 Partial
#1896531, Lorie Spiewak, Listing Office: Shorewest Realtors, Inc.
Is Rochester, WI 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 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, WI
How much do homes in Rochester, WI cost?
Median Sold Price
$370,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$50,000(-11.9%)
Key Takeaway
Homes in Rochester have sold for 11.9% less than they did a year ago.
Summary: The median home sold price in Rochester was $370,000 in October 2024, down 11.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $233.7K | $285K | +22.0% |
| 3 Bedrooms | $420K | $352.5K | -16.1% |
| 4 Bedrooms | $461K | $450K | -2.4% |
| 5+ Bedrooms | - | $655K | N/A |
Summary: Rochester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22%, 3 bedroom homes decreased by 16.1%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes did not change.
Housing Supply in Rochester, WI
How many homes are available in Rochester, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Rochester real estate market had 12 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Rochester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were 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 3 homes were sold or pending in Rochester in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Rochester, WI
We’re sorry, we don't have information for this market at the moment
