Is Geneva, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Geneva was a Seller's Market.
Housing Prices in Geneva, NY
How much do homes in Geneva, NY cost?
Median Sold Price
$189,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Geneva was $189,000 in May 2024, up 8% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $444.9K | - | N/A |
2 Bedrooms | $150K | $195K | +30.0% |
3 Bedrooms | $171.4K | $187K | +9.1% |
4 Bedrooms | $182.5K | $197.5K | +8.2% |
5+ Bedrooms | $168K | $197.5K | +17.6% |
Summary: Geneva housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 17.6%.
Housing Supply in Geneva, NY
How many homes are available in Geneva, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 59 | -3.3% |
Summary: The Geneva real estate market had 59 homes for sale in May 2024, a 3.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 26 | 26 | 0.0% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Geneva housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 6 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Geneva in May 2024, down by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Geneva, NY
How long does it take to sell a home in Geneva, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 49 Days | +78.5% |
Summary: Homes in Geneva had an average of 49 days on market in May 2024, up by 78.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Geneva; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.