The Rochester real estate market is off to a dynamic start in 2025, with major developments shaping the city’s future. From historic restorations to state-funded housing projects, Rochester is experiencing continued investment and transformation.
In today’s update, we’ll cover:
✅ The state of the housing market in Rochester
✅ Clark House restoration in Penfield
✅ A new mixed-use apartment complex with a library branch
✅ UR Medicine Home Care workers fighting for change
✅ State-backed infrastructure projects that could boost property values
Let’s dive in!
🏡 Rochester’s Real Estate Market Update
Low Inventory Continues to Drive Demand
The supply of available homes remains limited, keeping competition strong among buyers.
- New Listings: Home listings remain below average, meaning sellers continue to hold an advantage.
- Median Home Price: Rochester’s median home price is holding steady at $236,000.
- Days on Market: Homes in Monroe, Wayne, and Saratoga counties are selling in under 9 days!
💡 What This Means for Buyers & Sellers:
- Sellers: Now is a great time to list your home while competition remains high.
- Buyers: Be pre-approved and ready to act fast when a home hits the market.
🏗️ Clark House Restoration: A Historic Transformation in Penfield
After years of planning, the historic Clark House in Penfield’s Shadow Pines property is getting a $10 million restoration to become a community event space.
What’s Changing?
- The 5,800-square-foot space will be available for event rentals and public gatherings.
- New restrooms will be added for park visitors.
- Structural improvements will preserve parts of the original building.
- Construction begins in Spring 2025 and is expected to wrap up in Fall 2026.
📍 Why It Matters for Real Estate:
- Historic restorations can increase nearby home values and boost community engagement.
- Homebuyers often seek areas with strong community investment, making Penfield even more desirable.
🏢 Rochester’s Newest Mixed-Use Housing Project
A new state-backed development on Fernwood Avenue is bringing:
✅ 65 affordable housing units
✅ A small branch of the Rochester Public Library
✅ $4 million in state investment
Key Details:
- Construction starts this summer and will take 18 months to complete.
- Brownfield remediation will take place before building begins.
📍 Why This Matters:
- Mixed-use developments increase walkability and make neighborhoods more desirable for homebuyers.
- The project aligns with New York’s Pro-Housing Communities Program, ensuring more affordable housing options.
🚨 UR Medicine Home Care Workers Vote to Strike
110 home healthcare professionals in Rochester are on the verge of striking after nine months of contract negotiations.
What’s at stake?
- Workers are fighting for lower healthcare costs and better patient caseloads.
- The union claims the current health plan costs over $14,000 per year in premiums and deductibles.
- A potential three-day strike could disrupt home healthcare services in Monroe County.
📍 What This Means for the Community:
- If negotiations fail, home healthcare services could face shortages, impacting elderly and disabled patients.
- A strike could push for industry-wide changes, potentially shifting healthcare policies for workers.
🏗️ State-Backed Projects Are Transforming Rochester
New York’s Pro-Housing Communities Program is funding several key Rochester projects, including:
🚴 Bulls Head Cycle Track ($1.3M):
- New off-street bike lanes along West Main, Genesee, and Brown Streets.
- Part of Rochester’s 63-mile Bicycle Spine Network.
🌊 Hemlock Lake Dam Restoration ($1M):
- Repairs to erosion control slabs to prevent flooding and structural failure.
🎬 The Little Theatre Upgrades ($70K):
- ADA-compliant, gender-neutral restrooms for Rochester’s historic Little Theatre.
📍 Why These Investments Matter for Real Estate:
- Infrastructure improvements increase walkability and accessibility, making neighborhoods more attractive to homebuyers.
- Safer cycling routes and better community spaces create higher property demand in the long term.
🏡 Final Thoughts: Rochester’s Growth is Just Beginning
As we move through 2025, Rochester is seeing:
✅ A resilient housing market with fast home sales.
✅ Community-centered development projects boosting home values.
✅ Major infrastructure improvements driving economic growth.
💡 What This Means for You:
- Sellers: The low inventory market means now is the time to list your home.
- Buyers: Be ready to move fast—homes are selling in under 9 days!
- Investors: Rochester’s long-term growth makes it a great place to invest in real estate.
🔎 Thinking about buying, selling, or investing? Let’s chat about your real estate goals!
📩 Reach out today.
🚀 Rochester’s future is bright—don’t miss your chance to be part of it
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