“Is Now a Good Time to Buy a Home in Rochester, NY? Here’s What You Need to Know in 2025”

Thinking about buying a home in Rochester? You're not alone. With interest rates still high, buyer demand shifting, and new developments across Monroe County, many people are asking: Is now a smart time to buy?

Short answer: yes - but only if you know how to approach the market.

1. The Market Is Stabilizing

After years of bidding wars and record-low inventory, 2025 is starting to feel more balanced. Prices in some areas have plateaued. You may not have to waive inspections or pay wildly over asking like before. Towns like Webster, North Chili, and Greece are showing more price adjustments and motivated sellers, creating real opportunities for buyers who are ready.

2. Mortgage Rates Are High — But Workable

While mortgage rates remain above 6%, that doesn’t mean you're priced out. Many buyers are using seller concessions to lower their monthly payments or exploring options like 2-1 rate buydowns. There are also creative financing strategies available, including subject-to, seller financing, and lease-to-own for buyers who need more flexibility.

3. Rochester Is Still Affordable Compared to Other Cities

Even with rising home prices, Rochester remains one of the most affordable metros in the Northeast. Median home prices in many suburbs range from $250,000 to $350,000. Job growth in healthcare, education, and remote work sectors is strong. Plus, the commute times and cost of living are still far better than in Buffalo, Boston, or NYC.

4. Families Are Flocking to the Suburbs

Lifestyle is a big draw for Rochester buyers. Suburbs like Fairport, Victor, and Irondequoit offer award-winning schools, larger lots, and access to parks and trails. Whether you want walkability, backyard space, or water views - there's something here for every type of homeowner.

5. Waiting Could Mean Higher Prices Later

If interest rates drop later this year or in 2026, buyer demand could spike again — which might send prices climbing. By buying now, you may be able to lock in a better price, negotiate more aggressively, and refinance when rates improve.

Thinking About Buying? Let’s Talk

I’m Khem Kadariya, a local Rochester agent who’s helped over 120+ families buy and sell across Monroe County and Finger Lake Regions. Whether you're a first-time buyer, relocating for work, or ready to move up, I’ll help you create a plan that works.

Call or text me at 585-732-8665
Or message me on Instagram: @moving_to_rochester_ny

Let’s find the right home - and the right strategy - for you.