Real Estate Market Update for Rochester, MI
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 3% from one year earlier, and down 7% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 550-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 32%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 450-thousand dollars. The number of units sold increased 15% year-over-year, and increased 64% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript

Map Information for Rochester, MI

Area Information for Rochester, MI
  • Population: 13,103
  • Median Age: 39.74 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 3,425/sq mi
  • Population Change Since 2000: 26.52%
  • Closest Airport: Detroit Metro Wayne County
  • Closest College: Rochester College
  • Closest Jr. College: Oakland Cmnty College-auburn Hills
  • Median Household Income: $92,371
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $391,500
  • Closest Major Sports Team: Detroit Pistons
  • Change Avg. Household Income Since 2000: 61.23%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Rochester, MI
Median Age: 39.74 Married: 46% Number of Households: 5,765 Households with Children: 1,610
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Rochester, MI

      School Name Distance Type Grades School Rating
      Long Meadow Elementary School 0.4 mi Public K-5 5
      Rochester High School 0.7 mi Public 9-12 4
      St John Lutheran School & Preschool 0.7 mi Private PRESCHOOL-8 0
      Mcgregor Elementary School 1.1 mi Public K-5 3
      North Hill Elementary School 1.2 mi Public K-5 4
      West Middle School 1.5 mi Public 6-8 5
      University Hills Elementary School 1.6 mi Public PRESCHOOL-5 5
      Hart Middle School 1.7 mi Public 6-8 5
      Stoney Creek High School 1.7 mi Public 9-12 5
      Brewster Elementary School 1.7 mi Public K-5 5
      Meadow Brook Elementary School 2.0 mi Public K-5 4
      Rochester Adams High School 2.1 mi Public 9-12 5
      Van Hoosen Middle School 2.1 mi Public 6-8 5
      Oak Arbor Church School 2.6 mi Private PRESCHOOL-8 0
      Hamlin Elementary School 2.8 mi Public K-5 4
      Brookfield Academy - Rochester Hills 2.9 mi Private PRESCHOOL-5 0
      Musson Elementary School 2.9 mi Public PRESCHOOL-5 5
      Hugger Elementary School 2.9 mi Public K-5 4
      Alternative Center For Education 3.0 mi Public 10-12 1
      Rochester Adult Education 3.0 mi Public UNGRADE-UNGRADE 0
      Premier Academy - Oakland 3.1 mi Private PRESCHOOL-K 0
      Baldwin Elementary School 3.1 mi Public K-5 5
      Hampton Elementary School 3.2 mi Public K-5 4
      Lutheran High School Nw 3.5 mi Private 9-12 0
      Rcs Caring Steps Children's Center 3.7 mi Public PRESCHOOL-PRESCHOOL 0
      Noor Academy 3.9 mi Private - 0
      Meadows School 3.9 mi Public 2-8 0
      Avondale Gifted And Talented Education 3.9 mi Public 2-8 0
      Avondale Middle School 3.9 mi Public 6-8 2
      Holy Family Regional School 4.0 mi Catholic K-8 0
      Brooklands Elementary School 4.1 mi Public K-5 4
      Rochester Hills Christian School 4.2 mi Private PRESCHOOL-12 0
      Deerfield Elementary School 4.5 mi Public K-5 3
      Reuther Middle School 4.6 mi Public 6-8 4
      The Montessori School Rochester 4.7 mi Private PRESCHOOL-8 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Rochester, MI
        Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.