NY · Metro #52

Rochester - NY housing market

The Rochester metro has a typical home value of $290,868, up 4.9% from a year ago. Homes are moving fast at 8 days on market, a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$290,868
+4.9% vs. year ago
Median sale price
$271,887
+9.3% YoY
Median list price
$268,300
Sale-to-list ratio
115.6%
Selling above ask
Days on market
8d
Listings w/ price cut
11.0%
New listings / mo
1,157
+5.3% YoY
Homes for sale
1,801
+7.9% YoY
Typical rent
$1,580/mo
+3.2% YoY
Context

How to read this data

The typical home value ($290,868) is the Zillow Home Value Index for the Rochester - NY metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 4.9% over the past year. In Rochester - NY, that means a home worth $277,281 last year is now worth roughly $290,868.

The median sale price , what homes actually close for , is $271,887. Homes are selling at 115.6% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Rochester - NY sit on the market for roughly 8 days before going pending. Shorter = seller's market; longer = buyer's market.

About 11.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,157 new listings hit the market each month in Rochester - NY. There are currently 1,801 homes for sale, up 7.9% from a year ago.

The typical monthly rent in Rochester - NY is $1,580, up 3.2% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in NY

MetroHome value1-yr changeDays on market
New York - NY$735,003 +4.1% 24.0d
Buffalo - NY$294,992 +4.7% 9.0d
Albany - NY$377,910 +5.6% 7.0d
Syracuse - NY$271,597 +6.6% 6.0d
Utica - NY$234,785 +8.0% 13.0d
Binghamton - NY$204,850 +5.9% 10.0d
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