$2,849 Closing Credit*
$239,900
2,058 SqFt
4 Beds
•4 Full Baths
Amanda Nelson, Listing Office: RE/MAX Concepts Bettendorf
Is Geneseo, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Geneseo has remained a Seller's Market.
Key Takeaway
Geneseo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Geneseo, IL
How much do homes in Geneseo, IL cost?
Median Sold Price
$200,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,500(+1.3%)
Key Takeaway
Homes in Geneseo have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Geneseo was $200,000 in November 2024, up 1.3% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.5K | - | N/A |
| 2 Bedrooms | $153K | $143.5K | -6.2% |
| 3 Bedrooms | $185.5K | $192.7K | +3.9% |
| 4 Bedrooms | $232.5K | $241K | +3.7% |
| 5+ Bedrooms | $270K | $447.5K | +65.7% |
Summary: Geneseo housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 65.7%.
Median Sold Price Compared To Nearby Cities
| Geneseo | $197.5K | $200K | +1.3% |
| Geneseo Township | $197.5K | $200K | +1.3% |
Housing Supply in Geneseo, IL
How many homes are available in Geneseo, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 29 | -19.4% |
Summary: The Geneseo real estate market had 29 homes for sale in November 2024, a 19.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 15 | 10 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Geneseo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Geneseo, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Geneseo in November 2024, down by 30.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Geneseo, IL
How long does it take to sell a home in Geneseo, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | -3.6% |
Summary: Homes in Geneseo had an average of 18 days on market in Nov 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Geneseo are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Geneseo; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.