NY · Metro #52

Rochester - NY housing market

The Rochester metro has a typical home value of $285,034, up 4.7% 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
$285,034
+4.7% vs. year ago
Median sale price
$264,192
+8.9% YoY
Median list price
$256,633
Sale-to-list ratio
112.5%
Selling above ask
Days on market
8d
Listings w/ price cut
9.2%
New listings / mo
995
+3.0% YoY
Homes for sale
1,543
+6.6% YoY
Typical rent
$1,597/mo
+3.4% YoY
Context

How to read this data

The typical home value ($285,034) 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 4.7% over the past year. In Rochester - NY, that means a home worth $272,239 last year is now worth roughly $285,034.

The median sale price , what homes actually close for , is $264,192. Homes are selling at 112.5% 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 9.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 995 new listings hit the market each month in Rochester - NY. There are currently 1,543 homes for sale, up 6.6% from a year ago.

The typical monthly rent in Rochester - NY is $1,597, up 3.4% 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$727,625 +4.1% 23.0d
Buffalo - NY$288,316 +4.8% 9.0d
Albany - NY$370,533 +5.5% 7.0d
Syracuse - NY$264,903 +6.6% 6.0d
Utica - NY$230,265 +8.1% 15.0d
Binghamton - NY$198,435 +5.6% 11.0d
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