Rochester Investment

Official-boundary market report

South Wedge small-multifamily market report, 2021–2025

All five years clear the annual sample threshold, making South Wedge one of the cleaner small-market time series in this release. This report covers 72 unique closed Rochester two-to-four-unit MLS listings matched to the official City neighborhood polygon.

Updated: Published September 10, 2026

What stands out

The reported annual median moved from $230,000 in 2021 to $305,000 in 2025 while annual activity stayed between 12 and 18 sales. That is a change in the median of each year’s sold-property mix—not a repeat-sales appreciation rate.

These 72 records represent 2.6% 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
202116$230,000699.0%
202213$245,2457103.3%
202313$250,0007100.0%
202418$294,0006.5106.9%
202512$305,0009.5105.6%
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 $19,753,764, median sale price was $252,500, median source-defined days on market was 7, and median sale price was 101.9% 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 3 of the 72 unique closings. Its five-year observed share was 4.2%. 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
20211616.3%010
20221300.0%000
20231300.0%000
202418211.1%110
20251200.0%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

Separate duplexes from three- and four-unit properties, then test whether condition and occupied-versus-vacant delivery explain part of the price distribution.

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.