Rochester, WI Real Estate

Rochester Real Estate

Rochester, Wisconsin is a rural village located between Burlington and Waterford. Populated by 1,180 people, the village offers a country living life style to its residents. The Fox River runs through the village offering various activities. Located around 20 minutes west of Interstate 94, Rochester offers a great location for those who need to commute to southeastern communities.

Real Estate
The village’s real estate market offers a wide-selection of houses for sale. Houses on the market include excellent starter homes with spacious lots, custom built homes, Ranches and Colonials. The market also offers beautiful newly constructed homes with open concepts and luxurious amenities. The average cost of home in Rochester is $209,470.

Amenities
The Rochester area offers excellent outdoor recreational opportunities. The village provides five public parks that maintain hiking and biking trails. The parks also have soccer and baseball fields for the sports enthusiasts to enjoy. There are also acres of land for families to use for picnics and various activities. The Fox River is a great place for fishermen to catch featured fish such as Walleye and White Bass. Visitors of the river can also canoe and kayak and view the picturesque scenery. The Honey Creek Wildlife Areas also offer great views of the natural landscape and wildlife. Public hunting is allowed during designated times.

Brown’s Lake Golf Course offers courses for golfers of all skill levels. The course includes a pro shop and café that features a great assortment of menu items. There is also a practice facility for those who want to sharpen their skills.

Apple Holler is about 20 miles away and offers an apple orchard, restaurant and hosts many events that the whole family can enjoy. Apple Holler provides live musical plays, barnyard animals, hayrides and dinner theatre. The orchard/farm is open year-round with many events held.

History
Rochester was one of the first areas where settlers took claim of land in 1837. The village was incorporated in 1912. On December 16, 2008, the town of Rochester and the village of Rochester were legally combined.

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Market Conditions
Market Conditions for Rochester - August 2020 | Shorewest Realtors®
August 2020

Market Conditions for Rochester

Median Sale Price Graph

Median Sale Price

The median sale price for homes in August was $386,000. The median sales price for homes in August rose by $86,803 compared to last month. This represents a 29.01% increase from July. Compared to the same month last year, the median price of homes rose by $97,300 representing a 33.7% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale rose by 2 in August to 12. This represents 20% increase from July when 10 homes were on the market. Compared to the same month last year when there were 9 homes for sale, the inventory of homes for sale has risen by 3 representing a 33.33% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 4 homes sold in August was 4 less than in July. This represents a 50% decrease in sales from July. Compared to the same month last year, the number of homes sold decreased by 7, a -63.63% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in August (35) decreased by 3 days compared to July. This represents a 7.89% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 1, a -2.77% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 98.45% in August rose by 1.74% compared to July and decreased 1.55% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in August (6) rose by 1 compared to July, a 20% change. Compared to August 2019, the number of new listings increased by 3, a 100% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in August was $294,950. The median list price for homes in August fell by ($4,950) compared to last month. This represents a 1.65% decrease from July. Compared to the same month last year, the median list price of homes increased $70,050 representing a 31.14% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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