The Rochester, NY housing market in October 2024 remains highly competitive, with home prices continuing to rise. The median home price has reached $205,000, reflecting a 9.4% increase compared to last year.
Buyers are facing limited inventory, making it harder to find affordable homes under $200K. This trend is driven by strong demand and a 12% annual increase in property values .
Sellers are benefiting from the market conditions, often receiving multiple offers. Rochester's real estate market is expected to remain competitive through the end of the year, with continued interest from both local and out-of-state buyers.
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🔎 Sources: Niche, Great Schools, Neighborhood Scout, Wikipedia, TravelTime, Census, Google, NTREIS
😀 Info provided is opinion and for entertainment purposes. All stats, data, housing pricing and anything real estate related is subject to change.
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