By :Jon Ryan – Dwell Realty Group 1/27/2017 (data from MLS database)
Numbers don’t lie. The Rochester, MN market has dramatically changed since 2012. See the facts below.
In 2016 the Rochester market was hot, everybody knows that or experienced it when buying or selling. Let’s take a look at the numbers from 2012 to 2016 and see how things have changed. I must say we are blessed to be apart of this Rochester market and thankful for all the great employers in Rochester that provide such great jobs so we can afford home ownership.
2012:
Total Sales: 1931
Avg Days on Market: 104 days
Avg Sale Price: $181,830
Median Sale Price: $156,000
Fastest Moving Price Range: $225,000 – $249,999 (69 days)
| List Price Range | Number of Listings | Average Days to Sold |
| $0-$19,999 | 1 | 29 |
| $20,000-$29,999 | 8 | 65 |
| $30,000-$39,999 | 17 | 33 |
| $40,000-$49,999 | 32 | 67 |
| $50,000-$59,999 | 44 | 94 |
| $60,000-$69,999 | 50 | 117 |
| $70,000-$79,999 | 41 | 181 |
| $80,000-$89,999 | 64 | 122 |
| $90,000-$99,999 | 70 | 105 |
| $100,000-$109,999 | 59 | 100 |
| $110,000-$119,999 | 105 | 110 |
| $120,000-$129,999 | 144 | 108 |
| $130,000-$139,999 | 118 | 74 |
| $140,000-$149,999 | 138 | 77 |
| $150,000-$159,999 | 109 | 90 |
| $160,000-$169,999 | 107 | 85 |
| $170,000-$179,999 | 85 | 79 |
| $180,000-$189,999 | 76 | 130 |
| $190,000-$199,999 | 55 | 78 |
| $200,000-$224,999 | 129 | 116 |
| $225,000-$249,999 | 121 | 69 |
| $250,000-$274,999 | 84 | 100 |
| $275,000-$299,999 | 63 | 135 |
| $300,000-$349,999 | 89 | 148 |
| $350,000-$399,999 | 50 | 131 |
| $400,000-$449,999 | 24 | 110 |
| $450,000-$499,999 | 14 | 166 |
| $500,000-$749,999 | 29 | 209 |
| $750,000-$999,999 | 4 | 173 |
| $1,000,000+ | 1 | 483 |
| The average price for the 1931 properties is $181,830. | ||
| The highest price is $1,085,000. | ||
| The median price is $156,000. | ||
| The lowest price is $12,900. | ||
| The average Market Time is 104. | ||
2013:
Total Sales: 2073 (7.4% increase from 2012)
Avg Days on Market: 80 days (23% decrease from 2012!)
Avg Sale Price: $192,557
Median Sale Price: $165,000 (5.8% increase from 2012)
Fastest Moving Price Range: $170,000 – $179,999 (51 days)
| List Price Range | Number of Listings | Average Days to Sold |
| $0-$19,999 | 0 | 0 |
| $20,000-$29,999 | 1 | 15 |
| $30,000-$39,999 | 15 | 90 |
| $40,000-$49,999 | 22 | 101 |
| $50,000-$59,999 | 28 | 47 |
| $60,000-$69,999 | 44 | 83 |
| $70,000-$79,999 | 46 | 76 |
| $80,000-$89,999 | 61 | 107 |
| $90,000-$99,999 | 60 | 83 |
| $100,000-$109,999 | 85 | 92 |
| $110,000-$119,999 | 99 | 74 |
| $120,000-$129,999 | 133 | 76 |
| $130,000-$139,999 | 153 | 67 |
| $140,000-$149,999 | 140 | 71 |
| $150,000-$159,999 | 102 | 55 |
| $160,000-$169,999 | 103 | 63 |
| $170,000-$179,999 | 119 | 51 |
| $180,000-$189,999 | 80 | 63 |
| $190,000-$199,999 | 73 | 69 |
| $200,000-$224,999 | 149 | 83 |
| $225,000-$249,999 | 130 | 81 |
| $250,000-$274,999 | 79 | 78 |
| $275,000-$299,999 | 76 | 97 |
| $300,000-$349,999 | 109 | 114 |
| $350,000-$399,999 | 59 | 105 |
| $400,000-$449,999 | 43 | 100 |
| $450,000-$499,999 | 20 | 100 |
| $500,000-$749,999 | 35 | 135 |
| $750,000-$999,999 | 6 | 208 |
| $1,000,000+ | 3 | 131 |
| The average price for the 2073 properties is $192,557. | ||
| The highest price is $1,300,000. | ||
| The median price is $165,000. | ||
| The lowest price is $22,000. | ||
| The average Market Time is 80. | ||
2014:
Total Sales: 1995 (3.8% decrease)
Avg Days on Market: 71 days (11% decrease from 2013)
Avg Sale Price: $202,574
Median Sale Price: $169,900 (3% increase from 2013)
Fastest Moving Price Range: $190,000 – $199,999 (40 days)
| List Price Range | Number of Listings | Average Days to Sold |
| $0-$19,999 | 1 | 12 |
| $20,000-$29,999 | 2 | 207 |
| $30,000-$39,999 | 14 | 59 |
| $40,000-$49,999 | 22 | 55 |
| $50,000-$59,999 | 26 | 78 |
| $60,000-$69,999 | 26 | 74 |
| $70,000-$79,999 | 35 | 68 |
| $80,000-$89,999 | 57 | 53 |
| $90,000-$99,999 | 42 | 78 |
| $100,000-$109,999 | 78 | 90 |
| $110,000-$119,999 | 82 | 83 |
| $120,000-$129,999 | 101 | 74 |
| $130,000-$139,999 | 132 | 64 |
| $140,000-$149,999 | 141 | 51 |
| $150,000-$159,999 | 127 | 48 |
| $160,000-$169,999 | 119 | 53 |
| $170,000-$179,999 | 83 | 51 |
| $180,000-$189,999 | 94 | 49 |
| $190,000-$199,999 | 63 | 40 |
| $200,000-$224,999 | 140 | 66 |
| $225,000-$249,999 | 134 | 68 |
| $250,000-$274,999 | 85 | 79 |
| $275,000-$299,999 | 78 | 95 |
| $300,000-$349,999 | 124 | 95 |
| $350,000-$399,999 | 73 | 112 |
| $400,000-$449,999 | 49 | 109 |
| $450,000-$499,999 | 21 | 136 |
| $500,000-$749,999 | 36 | 116 |
| $750,000-$999,999 | 6 | 146 |
| $1,000,000+ | 4 | 224 |
| The average price for the 1995 properties is $202,547. | ||
| The highest price is $1,481,612. | ||
| The median price is $169,900. | ||
| The lowest price is $16,000. | ||
| The average Market Time is 71. | ||
2015:
Total Sales: 2484 (24.5% increase from 2014)
Avg Days on Market: 62 days (12.6% decrease from 2014)
Avg Sale Price: $214,573
Median Sale Price: $181,460 (6.8% increase)
Fastest Moving Price Range: $130,000 – $139,999 (36 days)
| List Price Range | Number of Listings | Average Days to Sold |
| $0-$19,999 | 2 | 88 |
| $20,000-$29,999 | 1 | 10 |
| $30,000-$39,999 | 6 | 99 |
| $40,000-$49,999 | 12 | 43 |
| $50,000-$59,999 | 31 | 41 |
| $60,000-$69,999 | 22 | 43 |
| $70,000-$79,999 | 33 | 61 |
| $80,000-$89,999 | 48 | 104 |
| $90,000-$99,999 | 57 | 58 |
| $100,000-$109,999 | 47 | 67 |
| $110,000-$119,999 | 105 | 43 |
| $120,000-$129,999 | 128 | 48 |
| $130,000-$139,999 | 158 | 36 |
| $140,000-$149,999 | 151 | 42 |
| $150,000-$159,999 | 181 | 40 |
| $160,000-$169,999 | 138 | 41 |
| $170,000-$179,999 | 105 | 39 |
| $180,000-$189,999 | 131 | 41 |
| $190,000-$199,999 | 103 | 47 |
| $200,000-$224,999 | 190 | 56 |
| $225,000-$249,999 | 169 | 52 |
| $250,000-$274,999 | 124 | 69 |
| $275,000-$299,999 | 124 | 74 |
| $300,000-$349,999 | 148 | 100 |
| $350,000-$399,999 | 104 | 124 |
| $400,000-$449,999 | 62 | 110 |
| $450,000-$499,999 | 35 | 131 |
| $500,000-$749,999 | 44 | 151 |
| $750,000-$999,999 | 17 | 186 |
| $1,000,000+ | 8 | 94 |
| The average price for the 2484 properties is $214,573. | ||
| The highest price is $1,632,665. | ||
| The median price is $181,460. | ||
| The lowest price is $17,000. | ||
| The average Market Time is 62. | ||
2016:
Total Sales: 2354 (5.2% decrease from 2015)
Avg Days on Market: 47 days (24.1% decrease from 2015!)
Avg Sale Price: $232,517
Median Sale Price: $197,500 (8.8% increase from 2015… WOW!)
Fastest Moving Price Range: $170,000-$179,999 (21 days)
| List Price Range | Number of Listings | Average Days to Sold |
| $0-$19,999 | 0 | 0 |
| $20,000-$29,999 | 0 | 0 |
| $30,000-$39,999 | 1 | 5 |
| $40,000-$49,999 | 8 | 55 |
| $50,000-$59,999 | 11 | 57 |
| $60,000-$69,999 | 12 | 43 |
| $70,000-$79,999 | 25 | 36 |
| $80,000-$89,999 | 46 | 35 |
| $90,000-$99,999 | 37 | 37 |
| $100,000-$109,999 | 56 | 36 |
| $110,000-$119,999 | 61 | 39 |
| $120,000-$129,999 | 88 | 28 |
| $130,000-$139,999 | 100 | 29 |
| $140,000-$149,999 | 110 | 29 |
| $150,000-$159,999 | 146 | 23 |
| $160,000-$169,999 | 175 | 28 |
| $170,000-$179,999 | 144 | 21 |
| $180,000-$189,999 | 98 | 29 |
| $190,000-$199,999 | 83 | 28 |
| $200,000-$224,999 | 198 | 32 |
| $225,000-$249,999 | 189 | 38 |
| $250,000-$274,999 | 145 | 50 |
| $275,000-$299,999 | 107 | 49 |
| $300,000-$349,999 | 175 | 87 |
| $350,000-$399,999 | 122 | 92 |
| $400,000-$449,999 | 97 | 94 |
| $450,000-$499,999 | 41 | 108 |
| $500,000-$749,999 | 59 | 119 |
| $750,000-$999,999 | 10 | 171 |
| $1,000,000+ | 10 | 195 |
| The average price for the 2354 properties is $232,517. | ||
| The highest price is $1,225,500. | ||
| The median price is $197,500. | ||
| The lowest price is $35,500. | ||
| The average Market Time is 47. | ||
