Market Intelligence Report — MN-340

Rochester, MN

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MN-09
As of the latest 2026 data
Cooling

Median Listing

$390K
-6.6% YoY

Pending Ratio

0.32
-29.8% YoY

Active Inventory

881
+54.2% YoY

Median DOM

58 Days
+3.6% YoY

Primary Intelligence Tool — Sold Score™

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The Rochester housing market is currently cooling, characterized by a pending ratio of 0.32, which is down nearly 30% year-over-year. Active listings have expanded significantly, increasing 54.2% over the past year. The median listing price stands at $389,900, showing no monthly change but a 6.6% decline year-over-year.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.7%+0.8 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

231,184+0.5% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Rochester market right now.

Inventory growth is a dominant trend, with active listings up 54.2% year-over-year, reaching 881 units. Concurrently, new listings saw a modest increase of 6.3% over the past year. The pending ratio has fallen sharply by 29.8% year-over-year to 0.32, indicating significantly slower demand absorption. Median listing prices have remained flat month-over-month but declined 6.6% year-over-year, alongside a 4.2% year-over-year decrease in median price per square foot.

Laura Swogger
Keller Williams Realty

“Local pricing and inventory dynamics across Rochester shift block by block — happy to walk through what's actually closing.”

Historical Analysis

Market Trends

Median Price

$390K+0.0% MoM

Active Inventory

881+54.2% YoY

Days on Market

58+3.6% YoY

Sold Score™

40-29.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

40
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Negotiating leverage is shifting as the pace of sales slows considerably, evidenced by the 0.32 pending ratio. The substantial growth in active listings, up 54.2% year-over-year, suggests increasing inventory pressure. This environment may necessitate greater price discipline from sellers to align with current market demand.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

881 active listings represent the current floor, with new supply arriving at roughly 268 per month.

Pricing Pressure
23.8%

of active listings carry a price reduction, +4.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -4.2% year-over-year.

Absorption
0.32

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Rochester, MN? Inventory is up 54% from last year.

Buyers have leverage in Rochester, MN. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
32%
Median Days on Market
58 days
Inventory YoY
+54%

In a buyer's market, strategy beats timing. See how your home scores in Rochester, MN and what moves the number.

See my Sold Score & selling strategy →

Talk to a listing expert who is actively selling in Rochester, MN.

Laura Swogger →

Keller Williams Realty

How these recommendations are chosen →

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Metro Demographics

Metro Area
Rochester, MN
CBSA Code
40340
State
MN

ZIPs in Rochester, MN

Sorted by active inventory · click a ZIP for its full report

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