Is Genesee County, NY 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, Genesee County has remained a Seller's Market.
Housing Prices in Genesee County, NY
How much do homes in Genesee County, NY cost?
Median Sold Price
$180,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Genesee County was $180,000 in May 2024, up 2.8% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101.5K | $130K | +28.1% |
2 Bedrooms | $144K | $153.7K | +6.8% |
3 Bedrooms | $175K | $190K | +8.6% |
4 Bedrooms | $192K | $178K | -7.3% |
5+ Bedrooms | $235.2K | $177K | -24.7% |
Summary: Genesee County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 24.7%.
Median Sold Price Compared To Nearby Counties
Wyoming County | $150K | $165K | +10.0% |
Monroe County | $214.8K | $234.9K | +9.4% |
Livingston County | $192K | $210K | +9.4% |
Genesee County | $175.1K | $180K | +2.8% |
Orleans County | $160K | $161K | +0.6% |
Housing Supply in Genesee County, NY
How many homes are available in Genesee County, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
101 | 116 | +14.9% |
Summary: The Genesee County real estate market had 116 homes for sale in May 2024, a 14.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 19 | 18 | -5.3% |
3 Bedrooms | 47 | 60 | +27.7% |
4 Bedrooms | 27 | 27 | 0.0% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Genesee County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 27.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 27 | -3.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Genesee County in May 2024, down by 3.6% month-over-month. Of the 27 sold homes, 19% were sold under asking, 15% were sold at asking, and 67% were sold over asking.
Days on Market for Genesee County, NY
How long does it take to sell a home in Genesee County, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 15 Days | -17.8% |
Summary: Homes in Genesee County had an average of 15 days on market in May 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
24 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, 27 homes were sold in Genesee County; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.