Is Rochester, MN 55904 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Rochester is a seller’s market. With about 3 months of supply and 27% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3Under 4 months = seller’s market

Sold above original list27.3%Share of sales, last 3 months

Median sale-to-list99.6%Sold price ÷ list price

Median days on market21Listing to accepted offer

Median price per sq ft$186▲ +1.9% vs. last year

Run the numbers for 55904

Prefilled for 55904Can I win this house?Multiple-offer likelihood for a listing Prefilled for 55904Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Byron 55920Seller’s market $193 /sq ft Dover 55929Seller’s market $166 /sq ft Elgin 55932Seller’s market $120 /sq ft Eyota 55934Buyer’s market $163 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology