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Rochester among fastest-selling housing markets nationwide. How long do homes stay on the market?

Rochester has emerged as one among the fastest-selling housing markets in the nation, according to Creditnews Research.The rankings, launched forward of the busier spring home-buying season, put Rochester as the fourth fastest-selling market in the nation.

With a median time of simply 9 days on the market, Rochester homes are shifting shortly for the first quarter of 2024, in line with the market analysis research. Although Rochester was among the quickest markets in the nation, the information confirmed that it has held that spot since the earlier quarter. Most housing markets both slowed down or stayed the same from previous quarters.

Rochester NY fourth fastest-selling housing market in nation

  • Hartford, CT (median days on the market: 7)

  • Syracuse, NY (8 days)

  • Harrisburg, PA (8 days)

  • Rochester, NY (9 days)

  • Grand Rapids, MI (10 days)

  • Richmond, VA (10 days)

  • Columbus, OH (10 days)

  • New Haven, CT (10 days)

  • Boston, MA (11 days)

  • Washington, DC (11 days)

Rochester, New York, common value of residence

Rochester this 12 months has been deemed a seller’s market by Rocket Homes, the on-line mortgage and actual property firm that tracks housing costs throughout the nation.

The present median value of a house in Rochester is $200,000 for 2024, which is an 8.5% improve from the earlier 12 months. In the previous month, Rocket Homes information confirmed that Rochester homes had been routinely promoting for above the asking worth. Just over 77% of homes in Rochester went for over the listed value when all was stated and finished.

This article initially appeared on Florida Today: Rochester NY among fastest-selling housing markets nationwide

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