The Downtown Rochester housing market is somewhat competitive. The median sale price of a home in Downtown Rochester was $164K last month, down 22.1% since last year.
What is the housing market like in Downtown Rochester today?
In March 2024, Downtown Rochester home prices were down 22.1% compared to last year, selling for a median price of $164K. On average, homes in Downtown Rochester sell after 20 days on the market compared to 77 days last year. There were 2 homes sold in March this year, down from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$163,500
-22.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Rochester, MN
$163,500
-22.1%
United States
To compare other locations to the Downtown Rochester and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. 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 Downtown Rochester housing market?
Downtown Rochester is somewhat competitive. Homes sell in 47 days.
0
100
35
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 12 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 47 days.
Hot homes
can sell for around list price and go pending in around 9 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
100.3%
+3.9 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Rochester, MN
100.3%
+3.9 pt
United States
Home offer insights for Downtown Rochester
Explore recent offers and recently sold homes in Downtown Rochester
Recent offers
View houses in Downtown Rochester that sold recently
Learn about schools in the Downtown Rochester area
Elementary
Middle
High
GreatSchools Rating
NR
Special Education Esy
Public • PreK-12
-
Students
N/A
NR
Early Childhood Year Round
Public • PreK-K
-
Students
N/A
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 Downtown Rochester housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Rochester.
Risk Factor
Flood Factor - Extreme
38% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Rochester has an extreme risk of flooding. 153 properties in Downtown Rochester are likely to be
severely affected
by flooding over the next 30 years. This represents 38% of all properties in Downtown Rochester. Flood risk is increasing slower than the national average.
47% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Rochester has a minor risk of wildfire. There are 364 properties in Downtown Rochester that have some risk of being affected by wildfire over the next 30 years. This represents 47% of all properties in Downtown Rochester.
Downtown Rochester has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Rochester has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
100% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Downtown Rochester has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Rochester have a Minor Heat Factor®.
Downtown Rochester is expected to see a 114% increase in the number of days over 98ºF over the next 30 years. Downtown Rochester is expected to experience 7