Whether you’re a healthcare worker, educator, retiree, or new resident, understanding Rochester’s housing market can feel daunting. Below are the most common questions city-wide residents are asking—answered clearly with 2025 market stats and actionable insight from local agent Justin Schwirtz.

Selling a Home in Rochester – FAQs

1. How’s the Rochester housing market in 2025?

As of July 2025, the Rochester housing market is competitive and performing strongly. The median sale price is $374,125, which is a 14.3% increase year-over-year.1 Homes are selling quickly, with a median of 21 days on the market.1 For comparison, the median sold home price was $390,000

2. What’s the average list price and days on market?

The median list price for homes in Rochester is approximately $396,583. On average, homes are going pending in about 17 days

3. Are homes selling above list price?

Yes, a significant number of homes are selling above their asking price. Zillow reports that 42.5% of homes sold above list price, while Redfin notes that 35.5% of sales closed above list price in July 2025

4. How do different neighborhoods compare?

Rochester's neighborhoods vary widely in price and character. Based on Zillow's Home Value Index (ZHVI), the average home value in Historic Southwest (Pill Hill)  is $372,078, while Glendale's is $431,920.  East Side is more affordable with a ZHVI of $230,317.  Downtown Rochester's median sale price was $303,500 in July 2025, which represents a 102.3% year-over-year increase

5. What role does development play in the future?

Rochester's market stability is directly tied to its unique economic drivers. The Mayo Clinic's continuous expansion and the city's long-term urban development project, the Destination Medical Center (DMC), are expected to drive demand and attract a steady influx of new residents.  Along with other major developments and new transit investments, prices are not expected to drop in 2025, and Rochester's market is outperforming the state with more substantial price growth.  The DMC is fostering a long-term, stable environment for growth, with new transit and infrastructure projects planned to generate future value.

Buying a Home in Rochester – FAQs

6. Should I buy now or wait?

The current market is a strong one for buyers, especially compared to the Twin Cities.  While the market is competitive, acting now gives you an opportunity to build equity in a stable and appreciating market.  The ongoing economic growth driven by the Mayo Clinic and urban development projects makes a long-term investment a prudent strategy.

7. What neighborhoods are best for families or first-time buyers?

For affordability and convenience, Downtown Rochester is an option as it has the most affordable median listing price at $230K, largely due to its condos and original housing stock with a smaller footprint.  Other affordable options include Elton Hills and Slatterly Park, which offer a mix of historic and single-family homes.  For popular schools, neighborhoods in the Southwest quadrant, like Historic Southwest, or stretch just West of Rochester to Byron widely known for their Schools

8. How affordable is Rochester compared to the rest of Minnesota?

Rochester is generally considered a more affordable real estate market compared to cities like Minneapolis and St. Paul.  While Rochester's median home value is lower than the national average, the overall cost of living is slightly higher than the national average, mainly driven by expenses for groceries, utilities, and healthcare.

9. What about rentals and investment properties?

The rental market in Rochester is strong and diverse. The average rent is about $1,750 per month, which is below the national average of $2,072.  This makes Rochester an appealing market for investors, especially with the high demand for short-term rentals near the Mayo Clinic from visiting professionals and patients.

10. Is long-term growth expected?

Yes. The city's economy, anchored by the Mayo Clinic and the Destination Medical Center (DMC) initiative, provides a resilient and stable foundation for long-term growth. The ongoing demand for housing from a growing population and strong job market is expected to drive steady appreciation for years to come.  Rochester Jumpstart has been exposed to National Builder Lennar and mega development Lennar isn't dipping a toe—they’re cannonballing in. Plans for a nearly 470-acre project in northwest Rochester include 900 to 960 homes, making it the largest development from Minnesota’s biggest homebuilder yet.  With additional developments in the Southeast and the Northeast adding to the mix.  What timeline? Construction could span 3–7 years post-start, depending on Rochester market appetite.

Why Work With Justin Schwirtz – Residential & Community Focus

11. Why should Mayo Clinic professionals consider working with Justin Schwirtz?

Justin has extensive experience assisting doctors, nurses, researchers, and staff with relocation to the  Mayo Clinic and the surrounding  Rochester area. He understands the demanding schedules and unique housing needs of medical professionals, offering flexible communication and tailored property searches to fit their lifestyles.

12. How does Justin help families relocating to Rochester for work or education?

Many of Justin’s clients are families moving to Rochester for work at the Mayo Clinic, IBM, or  Olmsted County.  He assists with school district insights, neighborhood comparisons, and community introductions, making the transition smoother for the entire family.

13. What do Justin’s clients say about his communication and availability?

Reviews consistently highlight Justin’s responsiveness and dedication. Clients appreciate that he’s quick to answer questions, keeps them informed throughout the process, and is available when they need him—something especially valuable for busy professionals.

14. What neighborhoods in Rochester does Justin specialize in?

Justin is highly familiar with Rochester’s most desirable neighborhoods, including Southwest Rochester, Pill Hill, Northwest Rochester, and neighborhoods close to downtown and the Mayo Clinic. He provides guidance on each area’s character, amenities, and housing options.

15. What do reviews say about Justin’s negotiation skills?

Clients praise Justin for his strong negotiation skills, often securing favorable terms for both buyers and sellers. His market knowledge and calm approach help clients feel confident during one of the most stressful parts of a real estate transaction.

16. Why should someone new to Rochester choose Justin as their agent?
Beyond real estate expertise, Justin acts as a trusted local guide. From recommending neighborhoods to sharing insights on local culture, schools, and activities, he helps newcomers feel at home faster. His reviews emphasize professionalism, patience, and genuine care.