Rochester home prices fall in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Rochester fell by $10,000 while total sales decreased by 22.2%, according to BlockShopper.com.

From July through September of 2020, there were 21 homes sold, with a median sale price of $185,000 - a 5.1% decrease over the $195,000 median sale price for the same period of the previous year. There were 27 homes sold in Rochester in the third quarter of 2019.

The median sales tax in Rochester for the most recent year with available data, 2018, was $3,596, approximately 1.9% of the median home sale price for the third quarter of 2020.

The following table compares Rochester to other Sangamon County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Pawnee415-73.3%$207,450$103,000101.4%
Rochester2127-22.2%$185,000$195,000-5.1%
Pleasant Plains319-84.2%$182,000$149,00022.1%
Chatham4254-22.2%$174,950$140,75024.3%
Sherman719-63.2%$167,500$230,000-27.2%
New Berlin68-25%$136,250$158,500-14%
Buffalo23-33.3%$132,450$83,90057.9%
Dawson34-25%$129,900$147,400-11.9%
Auburn19190%$124,000$139,900-11.4%
Mechanicsburg41300%$120,800$95,00027.2%
Cantrall23-33.3%$114,100$137,900-17.3%

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