Is Lake Geneva, WI 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, Lake Geneva has remained a Seller's Market.
Housing Prices in Lake Geneva, WI
How much do homes in Lake Geneva, WI cost?
Median Sold Price
$437,500
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lake Geneva was $437,500 in May 2024, up 14.5% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | $155K | +26.5% |
2 Bedrooms | $290K | $267.5K | -7.8% |
3 Bedrooms | $355.9K | $440.5K | +23.8% |
4 Bedrooms | $645K | $600.5K | -6.9% |
5+ Bedrooms | $1.4M | $995K | -28.9% |
Summary: Lake Geneva housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.5%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 23.8%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 28.9%.
Median Sold Price Compared To Nearby Cities
Lyons | $219.5K | $499.9K | +127.7% |
Lake Geneva | $382K | $437.5K | +14.5% |
Bloomfield | $285K | $299.4K | +5.1% |
Geneva | $372.5K | $382.5K | +2.7% |
Linn | $849.9K | $780.5K | -8.2% |
Housing Supply in Lake Geneva, WI
How many homes are available in Lake Geneva, WI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
181 | 201 | +11.0% |
Summary: The Lake Geneva real estate market had 201 homes for sale in May 2024, a 11.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 14 | +7.7% |
2 Bedrooms | 29 | 33 | +13.8% |
3 Bedrooms | 80 | 88 | +10.0% |
4 Bedrooms | 39 | 42 | +7.7% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Lake Geneva housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 36 | -12.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Lake Geneva in May 2024, down by 12.2% month-over-month. Of the 36 sold homes, 56% were sold under asking, 28% were sold at asking, and 17% were sold over asking.
Days on Market for Lake Geneva, WI
How long does it take to sell a home in Lake Geneva, WI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Lake Geneva; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.