Market Intelligence Report — MN-340

Rochester, MN

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

Ref. No: 2026-MN-08
As of the latest 2026 data
Cooling

Median Listing

$390K
-10.0% YoY

Pending Ratio

0.33
-30.4% YoY

Active Inventory

878
+52.7% YoY

Median DOM

56 Days
-1.8% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Rochester market?

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The Rochester, MN housing market is exhibiting cooling conditions, evidenced by a pending ratio of 0.33. This indicates that demand absorption is significantly lagging behind available supply, with active listings having expanded by 52.7% over the past 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%+0.5 pp YoY

Unemployment rate · Jul 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 levels have substantially increased, with active listings up 52.7% year-over-year and new listings rising by 33.3% during the same period. Concurrently, the pending ratio has seen a notable decline of 30.4% year-over-year, reflecting weakening demand. Median listing prices have retracted by 10.0% year-over-year, alongside a 4.2% 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-5.8% MoM

Active Inventory

878+52.7% YoY

Days on Market

56-1.8% YoY

Sold Score™

37-30.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

37
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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

The expansion in active listings, coupled with a pending ratio below 0.40, suggests that properties are experiencing extended market exposure. This environment provides purchasers with increased optionality and greater latitude for price discipline, as the pace of sales is significantly slower. Competitive pressure for inventory is considerably reduced.

Luxury Segment

The average listing price has declined by 8.6% year-over-year, outpacing the 10.0% year-over-year decrease in the median listing price. This disparity suggests some softening at higher price points within the market segment.

Supply Dynamics

878 active listings represent the current floor, with new supply arriving at roughly 336 per month.

Pricing Pressure
19.2%

of active listings carry a price reduction, +0.6% from prior period.

$/Sq Ft
$0K

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

Absorption
0.33

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Rochester, MN? Inventory is up 53% 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
33%
Median Days on Market
56 days
Inventory YoY
+53%

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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