Rochester Investment

Original neighborhood research

The Corn Hill small-multifamily market, 2021–2025

A deliberately restrained official-boundary report: 27 qualifying sales, a publishable five-year market record, annual measures withheld when samples became too small, and UGR participation reported without turning three 2025 transactions into a dominance claim.

Updated: September 10, 2026

Corn Hill is a measurable but small two-to-four-unit market

Source-provided MLS coordinates place 27 unique Rochester two-to-four-unit closings inside the official Corn Hill polygon from 2021 through 2025. That population represented 1.0% of Rochester’s 2,812 qualifying sales during the same period.

Ten sales closed in both 2021 and 2022. The annual population then fell to two in 2023, two in 2024, and three in 2025. This dataset cannot distinguish limited supply from limited demand because it does not include the complete population of unsold, expired, withdrawn, or privately transferred properties.

PeriodCorn Hill salesCity salesCorn Hill share
2021–2025272,8121.0%
202535490.5%
Corn Hill and citywide populations use identical dates, status, property type, and unique-MLS-number rules.

Three recent annual samples are too small for market-price headlines

The 2021 and 2022 samples each contain 10 sales and clear the five-sale threshold for annual price, market-time, and sale-to-list measures. The 2023, 2024, and 2025 samples contain only two, two, and three sales, so those annual medians are withheld.

The underlying transactions remain in the five-year population and audit trail. Withholding prevents a handful of dissimilar properties from being presented as a neighborhood price trend.

Closed yearUnique salesMedian sale priceMedian DOMMedian sale / original list
202110$267,50012.599.7%
202210$289,95011102.6%
20232Withheld (n=2)WithheldWithheld
20242Withheld (n=2)WithheldWithheld
20253Withheld (n=3)WithheldWithheld
Official Corn Hill polygon; MLS status S-Closed/Rented; property type Multi-Family Res (2-4) units; one record per unique MLS number. Annual measures require at least five sales.

The five-year aggregate clears the publication threshold

Across all 27 transactions, the median reported sale price was $260,000, median source-defined days on market was 12, and median sale price equaled 100.0% of original list price. Reported sale prices totaled $7,248,700.

The five-year median is useful market context, not a prototype property value. Corn Hill’s mix can include historic houses, legal conversions, townhouses or condominiums, association-controlled property, apartments, and mixed-use or river-adjacent assets that require separate treatment.

Five-year measureResult
Unique sales27
Median sale price$260,000
Reported sale-price volume$7,248,700
Median DOM12
Median sale / original list100.0%
January 1, 2021 through December 31, 2025. Results use the official City polygon and source-provided MLS coordinates.

UGR’s 14.8% five-year share is accurate—and needs its denominator

Updegraff Group LLC appeared on 4 of the 27 official-boundary transactions, producing a measured five-year share of 14.8%. That percentage is slightly above UGR’s 14.2% share in the 240-sale 19th Ward population.

The two results do not carry equal evidentiary weight. Corn Hill’s percentage rests on four transactions in a small market; the 19th Ward result rests on 34. Publishing the numerator and denominator together prevents percentage alone from overstating the company’s local footprint.

Official polygonMarket salesUGR transactionsUGR share
Corn Hill27414.8%
19th Ward2403414.2%
City of Rochester2,8121113.9%
Official City polygons can overlap and are calculated independently. The rows cannot be added together.

The 2025 transaction count is disclosed; the percentage is withheld

UGR appeared on one Corn Hill transaction in 2021 and three in 2025. It appeared on none in 2022, 2023, or 2024. The three 2025 records were buyer-side transactions.

Because the entire 2025 neighborhood population contains only three qualifying sales, this publication withholds the annual UGR share. Printing 100% without the sample control would transform a tiny historical slice into a misleading dominance claim.

YearCorn Hill salesUGR transactionsUGR shareList sideBuyer sideBoth sides
202110110.0%100
20221000.0%000
202320Withheld (n=2)000
202420Withheld (n=2)000
202533Withheld (n=3)030
Transaction counts remain visible. Annual market-share percentages are withheld below five neighborhood sales.

Four represented transactions reconcile without overlap

UGR appeared in a listing-side office field on one transaction and a buyer-side office field on three. No transaction included the company on both sides, so one plus three equals four unique transactions.

Participation is not commission income, individual-agent production credit, proof that UGR originated the sale, or evidence of off-market activity. The calculation covers only the defined licensed MLS population.

Property-level evidence matters more as the market sample shrinks

The dataset does not establish legal unit count, rents, collections, vacancy, operating expenses, association obligations, preservation restrictions, rehabilitation scope, financing, cash flow, capitalization rates, or returns. It cannot justify applying the five-year median to an individual property.

A useful next layer would classify each sale by verified asset and ownership form, legal use, condition, preservation status, association, river relationship, commercial component, occupancy, and restrictions. Raw MLS addresses, coordinates, remarks, agent details, and restricted listing fields remain unpublished.