Rochester NY Real Estate Market Report March 2016

Kyle Hiscock

Re/Max Realty Group

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Rochester New York Real Estate Report – March 2016

Want to see what has gone on in the Rochester real estate market during the month of March along with year over year comparisons?  Here is the Rochester NY real estate market report March 2016 edition.

Rochester NY Real Estate Market Report

Rochester NY Real Estate Market Report

Rochester NY Real Estate Activity For March 2016 vs. March 2015

In March 2016 there were 61 homes that closed during the month for Rochester NY real estate.  This is 25 fewer homes than the 86 homes in Rochester NY that closed in March 2015.

  • The average sale price for the homes that closed in March 2015 was $70,159.
  • The average sale price for the homes that closed in March 2016 was $86,636.
  • The average market time (aka Days on Market) for the homes that closed in March 2015 was 57 days.
  • The average market time (aka Days on Market) for the homes that closed in March 2016 was 39 days.
  • The total amount of volume for the homes that closed in March 2015 was $6,033,699.
  • The total amount of volume for the homes that closed in March 2016 was $5,284,808.

Homes Under Contract For March 2016

There were a total of 325 homes in Rochester NY that were under contract or sale pending through March 31st, 2016 (of the 325 total homes, 103 homes went under contract during March 2016).  The average market time for these 325 homes was 47 days.  The average list price for these homes under contract was $74,595.

Current Rochester, NY Homes For Sale Inventory Levels

There are currently 421 homes for sale in Rochester NY.  The average list price is $74,187.  The average market time for these homes is 78 days.  Homes in Rochester NY are selling in about 30-45 days, if priced properly.  The market absorption rate, as of April 1st, 2016 was 4.20 in Rochester.  This means that if no other homes in Rochester were put on the market, it would take 4.20 months to deplete the remaining homes on the market.

How can both buyers and sellers have an advantage in the Rochester NY real estate market?  Employ the services of a local Rochester real estate agent who has vast knowledge and experience of the market.

The above statistics are ONLY single family homes and do not include condominiums or multi-family homes.

Find Rochester NY Homes for Sale

For a complete list of available real estate in Rochester NY, visit Rochester NY Homes for Sale.  Make sure to subscribe to our blog so you don’t miss out on any Rochester homes.  Contact us to find out what your Rochester NY home is worth and to discuss your housing needs.

Other March 2016 Greater Rochester NY Real Estate Market Reports


About the authors:  The above information regarding the “Rochester NY Real Estate Market Report March 2016” was provided by the Keith Hiscock Sold Team.  Keith Hiscock & Kyle Hiscock have over 30 years combined experience.  If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY.

© 2016, Kyle Hiscock. All rights reserved.

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