Rochester NY Real Estate Market Report May 2017 Edition

Written by Posted On Tuesday, 13 June 2017 06:59

What Happened In The Rochester Real Estate Market During May?

Rochester NY Real Estate Market Report May 2017 Edition

Happy Tuesday fellow Rochesterians!

Rochester NY Realtors are slowly beginning to see a bump in the number of homes for sale in the area.  The market is still extremely competitive however.

Is the Rochester real estate market getting closer to a balanced market instead of a strong sellers market?  Well, let's not go that far, however, it is improving.  In this May market report, you're going to find statistics about the current homes for sale in Rochester NY, pending sales, and also get information on the Rochester NY homes sold last month.  

As always, if you have specific questions about this report or other questions relating to Rochester real estate, comment below or contact me directly!

Single Family Residence Report For Rochester Real Estate

Rochester NY Homes For Sale Currently

As of today, Tuesday, June 13th, we have a total of 299 homes for sale in Rochester NY.  The average list price of these Rochester homes for sale is $70,524 and have averaged 57 days on the market.

Last month, there was a total of 200 new homes listed for sale.  When comparing that to the previous year, it was only 11 fewer new listings, as 211 Rochester homes were put on the market during May 2016!  

The most expensive home for sale in Rochester NY currently is 81 Barrington Street.  This Rochester NY new construction home for sale is listed at $729,900 and has been listed for 11 days.  This property is under construction and is anticipated to be completed within 60-90 days.

Rochester NY Pending Sales

342 Rochester homes are currently under contract.  This equates for nearly 28 million dollars in volume!  The average list price for these 342 pending sales was $81,807 and averaged only 31 days on the market!

The home at 11 Highland Heights, Rochester NY 14618 is the most expensive pending sale.  This amazing home was listed for $599,900 and sold in only 16 days which is very quick for a home of this price!  

Rochester NY Homes Sold During May

Over 10 million dollars of real estate was sold during May 2017 in Rochester.  There were a total of 112 Rochester NY homes sold last month.  The average sale price of these 112 homes was $91,333 and averaged 37 days from list date to contract date!

The number of homes sold during May 2016 was 228, but even though there were 16 more Rochester homes sold, the total volume sold was similar due to increasing home values!  The average sale price during May 2016 was $85.851 and the average days on market was 41.

44 East Boulevard was the most expensive home sold in Rochester during May 2017.  This property was listed for $579,900 and sold for $550,000 in only 35 days!  Again, this is a very small amount of time on the market for a home of this value.

What Should You Expect From Rochester Real Estate In Coming Months?

Rochester residents who're interested in the real estate market will continue to a very competitive market.  While it appears the inventory levels are beginning to improve, there still are strong signs of a sellers market.  There hasn't been a better time to sell a home in Rochester NY in several decades!

Buyers who're purchasing a home in Rochester need to be prepared and understand how to buy a home in a sellers market.  In order to successfully buy a home in a hot market, it may mean offering significantly more for a home or even waiving a home inspection, which is usually not recommended.  


Kyle HiscockThis Rochester NY real estate market report – May 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 This email address is being protected from spambots. You need JavaScript enabled to view it.. 


**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.**

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Kyle Hiscock

I was born and raised in the Greater Rochester, NY area. I've been helping buyers and sellers move in, out, and around the Rochester, NY area since 2011. During that time, I've helped hundreds of buyers and sellers achieve their real estate goals.

In addition to my vast knowledge and experience in real estate, I'm also very active on Social Media. I utilize social media to help achieve maximium exposure for my clients. I regularly blog on my website, Rochester's Real Estate Blog, the #1 real estate blog in Rochester, NY.

I service not only the City of Rochester, NY (proper) but also many of the surrounding communities. These communities include IrondequoitWebster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY.

Whether you're thinking of buying or selling a home in the Rochester, NY area, please feel free to contact me as I'd love to share my knowledge and show you why I am one of the Top Realtors in Rochester, NY.

www.RochesterRealEstateBlog.com

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