Is Rochester, MN 55906 a buyer’s or seller’s market?

The Rochester housing market right now

In the three months ending August 31, 2026, 28% of homes in Rochester, MN 55906 sold above their list price, the typical home went under contract in 17 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 105 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 42%, homes sold about as fast and the median sale price rose 10% to $396,329. Overall, Rochester is less competitive than a year ago, which gives buyers more room.

Within Olmsted County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 56%. On our competition score, Rochester ranks #137 of 296 MN ZIP codes with enough sales (score 70 out of 100).

Nearby, buyers who want less competition could look at Elgin 55932 (0% sold over asking) or Dover 55929 (0% sold over asking), while Oronoco 55960 (43% sold over asking) and Stewartville 55976 (38% sold over asking) are even more competitive.