Rochester, NY Home Values & Market Trends
Real estate market trends reflect that there have been 6,325 transactions over the past year in Rochester. The median value for residential home transactions that occurred over the previous year is $163,390.62. The number of current listings in Rochester is 309, and the percentage of properties for sale in the city is 309.00%. Rochester, NY currently has 1,424 properties in foreclosure, 21 bank owned properties, 67 properties headed for auction, and 309 properties for sale.
Rochester, NY Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 14621 | $ 60,000 $ 37/sqft | 14613 | $ 80,065 $ 58/sqft |
| 14609 | $ 149,900 $ 107/sqft | 14605 | $ 65,000 $ 43/sqft |
| 14606 | $ 99,900 $ 84/sqft | 14615 | $ 153,265 $ 108/sqft |
| 14626 | $ 195,242 $ 120/sqft | 14625 | $ 333,935 $ 143/sqft |
| 14624 | $ 189,900 $ 131/sqft | 14623 | $ 169,944 $ 149/sqft |
| 14620 | $ 196,491 $ 132/sqft | 14617 | $ 235,000 $ 125/sqft |
| 14610 | $ 359,799 $ 147/sqft | 14622 | $ 151,467 $ 130/sqft |
| 14616 | $ 149,900 $ 106/sqft | 14607 | $ 431,750 $ 152/sqft |
| 14619 | $ 124,294 $ 68/sqft | 14614 | $ 348,700 $ 169/sqft |
| 14611 | $ 67,629 $ 44/sqft | 14653 | $ -- $ -- |
| 14618 | $ 302,049 $ 168/sqft | 14647 | $ -- $ -- |
| 14612 | $ 244,000 $ 127/sqft | 14627 | $ -- $ -- |
| 14608 | $ 67,568 $ 42/sqft | 14604 | $ -- $ -- |
Housing Market Summary for Rochester, NY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $149.9K | $160.8K | 7.24% |
| Median Sold Price | $161K | $160.8K | -0.13% |
| Homes For Sale | 356 | 246 | -30.90% |
| Homes Sold | 3,174 | 2,991 | -5.77% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Rochester, NY
Browse Homes in Rochester, NY
Rochester home values range from $14,144 to $3,779,950. The median estimated value of a home in Rochester is $163,390.62. The median list price of a home is 159,900, and the total count of properties in the city is 138,479.
- Pre-ForeclosurePre-foreclosure homes account for 0.96% of all residential properties in Rochester, NY with 14609 containing 160 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 26 zips within Rochester, NY; of those zips, the estimated home value for pre-foreclosure homes ranges from $235,600 in 14618 to the lowest home value of $17,536 in 14606.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Rochester, NY ranges from the highest value of $79,137 in 14618 to the lowest value of $33,352 in 14606. Bank owned homes and properties account for 0.02% of properties in Rochester, NY. There are 26 zips within Rochester, NY; 14611 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions14609 has 10 auction properties, the highest number of properties going to auction in a single zip in the state of Rochester, NY. Auction homes and other auction properties account for 0.05% of all properties in Rochester, NY. There are 26 zips within Rochester, NY; of those zips, the median estimated home value for homes going to auction ranges from $183,500 in 14625 to the lowest value of $33,226 in 14625.
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Guide for Rochester, NY
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.
