Rochester, NY Home Values & Market Trends

Real estate market trends reflect that there have been 6,435 transactions over the past year in Rochester. The median value for residential home transactions that occurred over the previous year is $199,093.31. The number of current listings in Rochester is 599, and the percentage of properties for sale in the city is 599.00%. Rochester, NY currently has 1,401 properties in foreclosure, 19 bank owned properties, 60 properties headed for auction, and 599 properties for sale.

Rochester, NY Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
14609

$ 167,732

$ 117/sqft

14622

$ 167,399

$ 136/sqft

14626

$ 225,000

$ 139/sqft

14610

$ 366,527

$ 167/sqft

14621

$ 74,900

$ 48/sqft

14625

$ 329,900

$ 158/sqft

14624

$ 189,900

$ 133/sqft

14613

$ 78,028

$ 46/sqft

14616

$ 168,641

$ 127/sqft

14605

$ 75,540

$ 43/sqft

14612

$ 249,900

$ 149/sqft

14608

$ 95,224

$ 70/sqft

14620

$ 244,900

$ 143/sqft

14623

$ 214,552

$ 151/sqft

14606

$ 102,630

$ 84/sqft

14607

$ 322,000

$ 156/sqft

14618

$ 384,652

$ 183/sqft

14614

$ 449,777

$ 186/sqft

14611

$ 89,220

$ 62/sqft

14604

$ 3,400,000

$ 334/sqft

14619

$ 150,850

$ 90/sqft

14653

$ --

$ --

14615

$ 165,900

$ 109/sqft

14647

$ --

$ --

14617

$ 208,057

$ 137/sqft

14627

$ --

$ --

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Housing Market Summary for Rochester, NY

Jun 2023May 2024Change
Median Listing Price$164.9K$174.8K6.01%
Median Sold Price$160.7K$174.4K8.54%
Homes For Sale39653635.35%
Homes Sold3,1603,2402.53%
Price
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Homes For Sale
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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%.

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Browse Homes in Rochester, NY

Rochester home values range from $18,198 to $4,704,030. The median estimated value of a home in Rochester is $199,093.31. The median list price of a home is 174,900, and the total count of properties in the city is 138,535.

Foreclosure
There are 26 zips within Rochester, NY; within these zips, the median estimated home value for homes in foreclosure ranges from $661,250 in 14621 to the lowest value of $24,900 in 14621. Foreclosure homes account for 1.00% of properties in Rochester, NY with 14609 containing 167 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.95% of all residential properties in Rochester, NY with 14609 containing 159 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 $287,502 in 14625 to the lowest home value of $24,900 in 14621.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Rochester, NY ranges from the highest value of $117,386 in 14618 to the lowest value of $38,803 in 14611. Bank owned homes and properties account for 0.01% of properties in Rochester, NY. There are 26 zips within Rochester, NY; 14611 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    14624 has 7 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 0.04% 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 $1,469,262 in 14625 to the lowest value of $35,341 in 14625.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.43% of residential properties in Rochester, NY with 14609 containing 64 homes for sale, the highest number of listed properties in a single zip. There are 26 zips within Rochester, NY; homes for sale in those zips, have a range of median values from $3,400,000 in 14604 to the lowest value of $20,000 in 14621.
    Sold Homes
    The median value for recently sold homes ranges from $351,330 in 14614 to the lowest price of $20,416 in 14614. There are 26 zips within Rochester, NY. 14609 has 358 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.36% of properties in Rochester, NY.

      Compare Nearby Cities

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      Guide for Rochester, NY

      Market Reports
      Rochester Real Estate: A Year of Growth and Potential
      New York
      Syracuse Property Values Soar from $120k to $167k in Year-Over-Year Surge
      New York
      Albany Real Estate on the Rise: Average Property Values Climb to $250K by May 2024
      Market Reports
      Buffalo Real Estate Values Increase by $200k in 12 Months
      See More Articles
      Rochester Real Estate: A Year of Growth and Potential
      Market Reports|posted 13 March 2024

      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.

      Syracuse Property Values Soar from $120k to $167k in Year-Over-Year Surge
      New York|posted 6 June 2024

      The Syracuse real estate market has seen a consistent growth trend, with average property values and sale prices rising significantly over the past year, reflecting robust demand, competitive market conditions, and active transaction volumes.

      Albany Real Estate on the Rise: Average Property Values Climb to $250K by May 2024
      New York|posted 5 June 2024

      Albany, NY real estate market saw growth from June 2023-May 2024 with avg. property value rising from $239,900 to $250,000. Neighboring cities show varying patterns.

      Buffalo Real Estate Values Increase by $200k in 12 Months
      Market Reports|posted 29 April 2024

      The Buffalo, NY real estate market shows promising growth, with increases in both average home values and sales volume. Comparisons with neighboring cities reveal diverse market characteristics, offering varied opportunities for investors and homebuyers.