October 2019 Rochester MN Real Estate Market ReportIt's starting to get a little chilly out, but the Fall colors are looking great!I wanted to share the October 2019 Real Estate Market Report
Market Summary From November For SW Rochester MN
Market Summary from November for SW Rochester, MN
As of November 2016 there were 110 Active Listings on the market in the 55902 zip code area which is just under last year's number of 112. There were 23 New Listings that went on the market last month - up from last year's number at 19 homes. A total of 42 homes were sold this November in Southwest Rochester - last year's number was way less at only 20 homes sold.
The Average List Price in SW Rochester in November 2016 was $507,051 which is up 3.67% from last year’s $489,100. The Average Sale Price was $321,461 which increased significantly - up 25.08% from November 2015 at $257,001.
In November 2016 the average number of days on the market was 93 days at an absorption rate of 2.78 months.
If you'd like a detailed summary of your zip code or neighborhood, contact the Realty Edge Team at 507-218-9700.
Nate grew up and graduated high school in Osage, Iowa. He served in the US Army and Iowa Army National Guard right out of high school and went on to complete one tour in Northeast Afghanistan. Nate th....