Rochester NY Real Estate Market Report March 2017 Edition
What Happened In The Rochester Real Estate Market In March?
Good morning Rochester! Hopefully you’ve been enjoying some of the fantastic weather we’ve had over the past few days!
Welcome to the first market recap for March for the Greater Rochester area! Rochester real estate agents, Rochester home buyers, and Rochester home sellers are continuing to experience a very active spring market!
In this real estate market report for Rochester NY, you’re going to discover what happened during March 2017 in the Rochester real estate market. Read on to find out statistics pertaining to active homes for sale, pending homes, and also for Rochester NY homes sold during March 2017! If you have specific questions about the Rochester market, comment below or feel free to reach out directly and I’d be happy to help.
Rochester NY Single Family Residence Report — March 2017
Active Rochester NY Homes For Sale
You’ve been reading about the shortage of houses for sale in Rochester NY over the past couple months, so how many are actively for sale? As of today, Tuesday April 11th, there are 278 homes for sale in Rochester NY. The average list price of these homes is $66,751 and have averaged 73 days on the market.
During March 2017, the number of new homes listed for sale was slightly down from the previous March. In 2017 there were 205 new homes listed for sale versus the 225 homes listed for sale during March 2016 in Rochester NY.
Currently, the most expensive home for sale in Rochester is 11 Highland Heights. This near 5,000 square foot home is listed for $599,900. Featuring 4 bedrooms, 5 full bathrooms, and 1 half bath, this home has been listed for only 13 days!
Sale Pending Homes In Rochester NY
There are 324 homes in Rochester NY that are currently sale pending. These homes equate for nearly 24.5 million in volume. The average list price of these sale pending homes is $75,054 and averaged only 41 days until the homeowners accepted an offer!
80 Ramsey Park, Rochester, NY 14610 is again the most expensive pending sale in the area. This property was also the most expensive pending sale in the Rochester NY real estate market recaps for January & February 2017!
Rochester NY Homes Sold During March 2017
March 2017 led to 85 homes that closed in Rochester NY. These 85 homes equaled over 6.1 million in closed volume. The average sale price for these Rochester homes sold during March 2017 was $72,687. On average, these homes sold during March only took 49 days from list date to contract date!
When reviewing the statistics from March 2017 versus 2016, it would appear the market is down. There were 80 homes sold during 2016 for an average of $80,640. The homes in 2016 only took 42 days from list to contract date.
While the numbers may indicate the market is down, this truly is not the case. The numbers in 2017 were down from 2016 because of the lack of homes for sale in the Rochester area.
230 Cobbs Hill Drive was the most expensive home sold in Rochester during March 2017. This home was listed for $285,000 and sold for $285,000 in only 2 days!
How Do The Remaining Spring Months Look For Rochester Real Estate?
If the number of homes for sale in Rochester continues to remain low, buyers will continue to experience a very competitive market.
This means that Rochester sellers will continue to see quick and profitable sales. I’d suspect that as the next couple months progress we will see an increase in the number of homes for sale in Rochester.
This Rochester NY real estate market report — March 2017 edition was provided by Kyle Hiscock. Kyle is a licensed real estate agent in Rochester NY for RE/MAX Realty Group.
Kyle also is the owner and operator of one of the top real estate websites in Rochester, Rochester’s Real Estate Blog. Kyle is active on many social networks including, but not limited to, Facebook, Twitter, Pinterest, Google+, and Linkedin.
If you have more questions about the Rochester real estate market, you can call or text Kyle at 585–704–7095 or by e-mail at kyle@RochesterRealEstateBlog.com.
**The information provided in this real estate market report was provided by the Upstate New York Real Estate Information Service, LLC (UNYREIS) MLS System as of the time and date this market report was published. All information deemed accurate, but not guaranteed.**