View Rochester, MN homes for sale with the experienced real estate expert Jake Huglen.
The Rochester housing market is moderately competitive. Last month, the median home price reached $335,000, marking a 13.6% increase compared to the same time last year. Meanwhile, the median price per square foot held steady at $177, showing no year-over-year change. This suggests that while overall home values are rising, price growth is being driven more by larger or higher-end properties rather than increases in per-square-foot value.
Median Sale Price
Sale Price per Sq. Ft.
Total Homes Sold
Days on The Market
In February 2025, the median home price in Rochester rose to $335,000, reflecting a 13.6% year-over-year increase—indicating strong appreciation in property values. Homes are also selling slightly faster, averaging 36 days on the market compared to 39 days during the same period last year. While buyer interest remains steady, the number of homes sold dipped to 102 from 113 the previous February, suggesting a tightening inventory. Overall, the market remains active and price-driven, with limited supply helping to sustain upward momentum in home values.
Rochester remains a somewhat competitive housing market, with homes typically selling in just 19 days. While not every listing sparks a bidding war, some properties do receive multiple offers—especially those that are well-priced and move-in ready. On average, homes sell for around the list price and go pending within 19 days. Highly desirable properties, particularly those in sought-after neighborhoods or with recent updates, can sell for about 2% above asking and go under contract in as little as 7 days. Buyers should be prepared to act quickly, especially on homes that are priced right and well-presented.
As of March 2025, Rochester, MN is considered a buyer’s market, meaning there are more homes available than there are buyers actively looking. This creates favorable conditions for buyers, who may have more negotiating power, a wider selection of properties, and greater flexibility on terms. While well-priced homes can still move quickly, the overall market pace allows buyers to make more deliberate decisions and potentially secure better value compared to more competitive market environments.
Contact Jake today to schedule a private showing or get detailed insights tailored to your needs. Whether you're moving for work, upgrading your lifestyle, or investing in one of Minnesota’s fastest-growing markets, Jake will help you find the right property with clarity and confidence.
Rochester is best known as the home of the world-renowned Mayo Clinic, which significantly influences the local housing market. Homes near downtown or within short commutes to medical and research campuses often hold stronger long-term value due to consistent demand from healthcare professionals and relocating employees. Whether you’re buying for personal use or investment, proximity to the clinic and other major employers is a major factor in market resilience and rental potential. Jake can help you evaluate which neighborhoods offer the best mix of access, amenities, and appreciation potential.
Rochester offers a wide range of neighborhoods, from quiet suburban pockets like Baihly Meadows and Weatherstone to walkable areas like Kutzky Park and Historic Southwest. School district quality is a major consideration, especially for families, and can directly impact resale value. Even if schools aren't a priority for you now, buying in a strong district can be a strategic move for future growth and marketability. Jake knows the nuances of each neighborhood and can guide you to areas that match your lifestyle, whether you prioritize schools, parks, or walkability.
Minnesota’s real estate activity is strongly influenced by the seasons. Spring and summer tend to see more listings and competitive bidding, while fall and winter may offer more flexibility for buyers—but with fewer choices. Understanding when to buy based on your timeline and goals can help you negotiate better terms or secure a property before peak demand sets in. Jake can provide real-time market insights to help you time your purchase strategically.
Due to Rochester’s cold winters, the condition of a home’s insulation, heating system, windows, and roof should be closely evaluated. Many older homes in the area have been renovated, but not all upgrades are equal. Energy efficiency and overall maintenance are critical in Minnesota’s climate, both for comfort and utility costs. Jake will help you assess what improvements have been made—or are needed—so you understand the true cost of ownership before making an offer.
Minnesota property taxes can vary widely depending on location, school levies, and municipal improvements. In Rochester, it’s important to review not only the current property tax bill, but also any pending assessments for infrastructure upgrades or new development projects. Jake can help you review these costs in the context of your budget, ensuring there are no surprises after closing.
Rochester is undergoing ongoing development as part of the Destination Medical Center (DMC) initiative—a multi-decade investment to transform the city into a global healthcare destination. This long-term growth strategy has a direct impact on housing demand, infrastructure, and commercial development. Buying in an area aligned with DMC growth zones may offer stronger appreciation and access to emerging amenities. Jake stays current on local planning initiatives and can help you position your purchase with long-term growth in mind.
Whether you're curious about the Rochester real estate market or ready to take the next step toward owning a property, we're here to help! With our local expertise and personalized approach, we can guide you through the entire process. Contact us now to start your journey in finding the perfect home in Rochester, MN!
Discover everything Rochester, MN has to offer by browsing our comprehensive neighborhood guide. From healthcare hubs to vibrant local attractions and schools, get all the insights you need to make informed decisions about this dynamic city. Start exploring now and see why Rochester could be the perfect place for your next home!
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I'm a full-time third generation Real Estate Agent operating out of the Rochester Coldwell Banker Realty with my wife Jessica Huglen, father Tim Huglen, and brother Josh Huglen. We strive to always act in our clients' best interests above everything else, and act with integrity in everything we do. Our core values include building trust, providing education, and delivering consistent communication throughout the real estate transaction.