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Rochester Luxury Home Listings & Sales

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Rochester Real Estate Market Trends

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.

$335,000

Median Sale Price

$177

Sale Price per Sq. Ft.

102

Total Homes Sold

36

Days on The Market

Why Get Luxury Homes in Rochester, MN

What to Consider When Getting Luxury Homes in Rochester, MN

For personalized guidance and access to the best luxury listings in Rochester, contact Jake today to schedule a private showing or consultation.

Many luxury buyers in Rochester prioritize proximity to the Mayo Clinic, especially physicians, researchers, or executives. Homes in areas like Pill Hill or Historic Southwest are within minutes of the campus and often feature classic architecture with modern renovations. For buyers seeking both prestige and convenience, evaluating commute time and accessibility to downtown medical facilities is essential.

Rochester offers several upscale communities, each with its own appeal. Scenic Oaks and Weatherhill offer privacy, newer construction, and larger lots, while neighborhoods like Baihly Meadows or Mayo Woodlands provide mature trees and quiet elegance. Buyers should assess whether they prefer a gated, suburban estate setting or the charm and walkability of a historic district. Lifestyle needs—such as nearby golf, trails, or schools—should drive neighborhood selection.

Luxury homes in Rochester vary from classic colonials to ultra-modern estates. Pay close attention to construction quality, layout efficiency, smart home technology integration, and outdoor amenities like patios, fireplaces, or views. For buyers interested in customizing or building new, zoning restrictions and architectural review boards may apply—especially in historic or HOA-regulated areas.

Rochester’s winters are long and cold, so luxury homes need to be built for all-season comfort. Features like heated driveways, high-efficiency windows, in-floor heating, and attached garages are highly desirable. Buyers should factor in how the home performs in extreme temperatures, both for comfort and for long-term energy efficiency.

Luxury properties in Olmsted County come with higher valuations, which means higher property taxes. Buyers should review annual tax estimates, as well as ongoing costs for landscaping, snow removal, maintenance, and potential HOA fees. Understanding total ownership costs helps align the purchase with long-term financial planning.

Although Rochester is a stable market, resale value is still tied to location, school districts, and future development plans. Homes near top-rated schools like Friedell or within walking distance to parks and trails tend to retain value. Buyers should also monitor the impact of the Destination Medical Center (DMC) development, which is driving upscale growth and shaping future desirability zones.

Ready to explore luxury living in Rochester, MN?

Whether you’re relocating for work, upgrading your lifestyle, or seeking a long-term investment, Jake offers unmatched local knowledge and personalized service to help you find the right luxury home. Reach out today to get answers to your questions or to schedule a private tour of available properties in Rochester’s most sought-after neighborhoods.

Properties in Rochester

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Explore 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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Work With Jake

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.