The housing market in East Rochester continues to see strong price appreciation, with values up 66.3% compared to last year. Home prices have decreased 17.4% in the past month. At the current pace, all available homes in East Rochester would sell out in just 0.5 months, indicating a continued supply shortage. Properties are selling within just 7 days on average, much faster than the historical norm of 55 days. The majority of homes (75.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the East Rochester market with the affordability index at 127.9. Based on current market indicators, home prices in East Rochester are projected to increase by approximately 8.7% over the next month.
East Rochester, NY has a total population of 6,775 residents. The area is predominantly White (84.8%), The African American population is 6.5%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in East Rochester, NY.
Market predictions for East Rochester, NY show relatively stable home prices with minimal change (0.9%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in East Rochester, NY is approximately $208,238.618. The stable price trend suggests a balanced market in East Rochester, NY, suitable for both buyers and sellers.
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