Is Lake Geneva, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Geneva is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Lake Geneva has remained a Seller's Market.

Key Takeaway

Lake Geneva is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$55,500(+14.5%)

Key Takeaway

Homes in Lake Geneva have sold for 14.5% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $122.5K$155K
+26.5%
2 $290K$267.5K
-7.8%
3 $355.9K$440.5K
+23.8%
4 $645K$600.5K
-6.9%
5+ $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
+127.7%
Lake Geneva
+14.5%
Bloomfield
+5.1%
Geneva
+2.7%
Linn
-8.2%

Housing Supply in Lake Geneva, WI

How many homes are available in Lake Geneva, WI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
181201+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

# BEDSApr 2024May 2024CHANGE
1 1314
+7.7%
2 2933
+13.8%
3 8088
+10.0%
4 3942
+7.7%
5+ 2024
+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 2024May 2024CHANGE
4136-12.2%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Geneva, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Geneva are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Lake Geneva, WI

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