Is Geneseo Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Geneseo Township has remained a Seller's Market.
Housing Prices in Geneseo Township, IL
How much do homes in Geneseo Township, IL cost?
Median Sold Price
$215,900
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Geneseo Township was $215,900 in May 2024, up 34.9% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $97.5K | N/A |
2 Bedrooms | $144.9K | $150.5K | +3.8% |
3 Bedrooms | $159.9K | $215K | +34.5% |
4 Bedrooms | $200K | $239K | +19.5% |
5+ Bedrooms | $324.4K | $273.1K | -15.8% |
Summary: Geneseo Township 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 3.8%, 3 bedroom homes increased by 34.5%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Cities
Geneseo Township | $160K | $215.9K | +34.9% |
Geneseo | $160K | $215.9K | +34.9% |
Housing Supply in Geneseo Township, IL
How many homes are available in Geneseo Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 24 | 0.0% |
Summary: The Geneseo Township real estate market had 24 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Geneseo Township 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 50%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Geneseo Township in May 2024, down by 40.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Geneseo Township, IL
How long does it take to sell a home in Geneseo Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 8 Days | -57.2% |
Summary: Homes in Geneseo Township had an average of 8 days on market in May 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Geneseo Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.