The Rochester housing market is somewhat competitive. Homes in Rochester receive 2 offers on average and sell in around 39 days. The median sale price of a home in Rochester was $295K last month, down 3.3% since last year. The median sale price per square foot in Rochester is $166, up 7.1% since last year.
What is the housing market like in Rochester today?
In February 2024, Rochester home prices were down 3.3% compared to last year, selling for a median price of $295K. On average, homes in Rochester sell after 39 days on the market compared to 41 days last year. There were 112 homes sold in February this year, up from 76 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$295,000
-3.3% YoY | Feb 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2024
Growth
% YoY
Rochester, MN
$295,000
-3.3%
United States
To compare other locations to the Rochester and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Rochester's median sale price is 29% lower than the national average. Overall cost of living in Rochester is 0% lower than the national average. Learn which home features in Rochester add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Rochester housing market?
Rochester is somewhat competitive. Homes sell in 32 days.
0
100
44
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 32 days.
Hot homes
can sell for about 1% above list price and go pending in around 10 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.4%
+0.1 pt YoY | Feb 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2024
Growth
% YoY
Rochester, MN
99.4%
+0.1 pt
United States
Rochester Migration & Relocation Trends
No data on migration and relocation available in this area right now
Learn about migration trends in nearby cities
Home offer insights for Rochester
Explore recent offers and recently sold homes in Rochester
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
Folwell Elementary School
Public • PreK-5
342
Students
5 reviews
7/10
George W. Gibbs Elementary School
Public • PreK-5
839
Students
8 reviews
7/10
Montessori At Franklin
Public • K-5 • Choice school
193
Students
1 reviews
6/10
Bishop Elementary School
Public • PreK-5
454
Students
4 reviews
6/10
Lincoln K-8 Choice Elementary School
Public • K-8
465
Students
7 reviews
Only showing 5 of
21 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Rochester housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Rochester.
Risk Factor
Flood Factor - Moderate
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Rochester has a moderate risk of flooding. 3,518 properties in Rochester are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Rochester. Flood risk is increasing faster than the national average.
32% of properties are at risk of wildfire over the next 30 years
Fire Factor
Rochester has a moderate risk of wildfire. There are 14,919 properties in Rochester that have some risk of being affected by wildfire over the next 30 years. This represents 32% of all properties in Rochester.