Rochester, MN Real Estate Market Statistics

Current home prices, days on market, and neighborhood trends — updated for 2026, including luxury and physician-relocation market data.

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What the Data Says About Buying and Selling in Rochester

Rochester’s median sale price reached $330,968 in the first quarter of 2026, up 4.8% year-over-year, and has appreciated nearly 80% over the past decade. Homes here sell in 19 to 29 days on average, less than half the national pace, and typically close within about 1% of asking price.

The numbers vary widely by neighborhood: Southwest Rochester carries a median near $434,000, while Northwest Rochester remains the most affordable at just over $302,000. I track these shifts zip code by zip code so you know exactly what to expect wherever you’re looking.

Whether you’re comparing Rochester to a coastal market, timing a sale around Mayo Clinic’s hiring cycles, or exploring the city’s growing luxury segment, I can walk you through what the data means for your specific move.

Rochester Market Snapshot

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    Median Sale Price

    $330,968 as of Q1 2026, up 4.8% year-over-year and nearly 80% over the past decade.

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    Days on Market

    Homes here sell in 19 to 29 days on average and close within about 1% of asking price, less than half the national timeline.

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    Neighborhood Price Range

    From $302,000 in Northwest Rochester to $434,000 in the Southwest, prices vary widely by zip code and neighborhood.

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    Growing Luxury Segment

    Rochester’s luxury market is expanding alongside a 2025 building-permit record of $1.2 billion, with strong demand tied to Mayo Clinic leadership and specialist relocations.

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    Mayo Clinic Demand Floor

    With roughly 85,000 Mayo Clinic employees and a steady stream of new hires, Rochester’s housing demand rarely slows, keeping the market resilient year-round.

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    Seasonal Market Timing

    Listing activity picks up ahead of Match Day and the summer hiring season. I help you time your purchase or sale around Rochester’s real rhythms.

Market Statistics FAQ

Is Rochester a buyer’s or seller’s market?

With homes selling in 19 to 29 days and closing near full asking price, Rochester currently favors sellers, though conditions vary by neighborhood and price point.

How reliable is the appreciation trend?

Rochester has appreciated nearly 80% over the past decade, driven by steady, Mayo Clinic-linked demand that has kept the market resilient through most economic cycles.

Do prices differ much by neighborhood?

Yes. Median prices range from about $302,000 in Northwest Rochester to $434,000 in the Southwest, so it pays to look at the data zip code by zip code.

When is the best time to buy or sell?

Listing activity picks up ahead of Match Day and the summer hiring season, so timing your search or sale around those windows can work in your favor.

Want the Full Market Picture for Your Move?

Let’s talk about what these numbers mean for your specific timeline and budget.

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