Rochester Investment

Official-boundary market report

Highland Park small-multifamily market report, 2021–2025

Highland Park shows a usable five-year record without a simple straight-line price story. This report covers 61 unique closed Rochester two-to-four-unit MLS listings matched to the official City neighborhood polygon.

Updated: Published September 10, 2026

What stands out

Annual activity ranged from 8 to 18 sales. The reported median rose to $279,000 in 2024 and then moved to $270,000 in 2025, a reminder that annual neighborhood medians can move in either direction as the sold-property mix changes.

These 61 records represent 2.2% of the 2,812 citywide closings in the filtered extract. Official neighborhood polygons can overlap, so polygon counts and shares must not be added together.

The annual record

The table uses identical filters and definitions in every year. Price, days-on-market, and sale-to-original-list measures publish only when an annual sample contains at least five sales.

Closed yearUnique salesMedian sale priceMedian DOMMedian sale / original list
20218$244,0006106.8%
202210$222,5006.5106.0%
202314$228,0007113.2%
202418$279,0008.5113.0%
202511$270,0006109.2%
Licensed MLS extract retrieved September 10, 2026. Source-provided coordinates matched to the official City polygon; Rochester; status S-Closed/Rented; property type Multi-Family Res (2-4) units; closed January 1, 2021–December 31, 2025; one row per unique MLS number. Annual price and pace measures are withheld below five observations.

Five-year aggregate

Across the full period, reported sale-price volume was $15,263,626, median sale price was $253,000, median source-defined days on market was 7, and median sale price was 111.8% of original list price.

The aggregate describes the filtered MLS population inside this polygon. It is not proof of legal unit count, a rent or income measure, a valuation of every property, or a repeat-sales index.

Updegraff Group Realty participation

Updegraff Group Realty participated on either side of 1 of the 61 unique closings. Its five-year observed share was 1.6%. Listing-side plus buyer-side counts are reconciled by subtracting the 0 dual-sided transactions so a property closing is not counted twice.

YearMarket closingsUGR either sideObserved shareList sideBuyer sideBoth sides
2021800.0%000
20221000.0%000
20231400.0%000
20241815.6%100
20251100.0%000
Unique UGR transaction = list side + buyer side − both sides. Annual shares are withheld below five total market closings. Brokerage participation is disclosed separately from market results.

The next useful cut

Test the influence of unit count, South Avenue proximity, rehabilitation level, and owner-occupant appeal on the observed sale-price range.

Raw addresses, agent names, coordinates, and confidential MLS remarks are excluded from this public report. The interactive comparison tool retains every official polygon, including areas that do not meet the 20-sale standalone-report threshold.