$1,958 Closing Credit*
$164,900
2,438 SqFt
2 Beds
•2 Full Baths
Penny Egert, Listing Office: Ruhl&Ruhl REALTORS Moline
Is Geneseo Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Geneseo Township has remained a Seller's Market.
Key Takeaway
Geneseo Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Geneseo Township, IL
How much do homes in Geneseo Township, IL cost?
Median Sold Price
$197,500
$112/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Geneseo Township has remained the same since last year.
Summary: The median home sold price in Geneseo Township was $197,500 in October 2024, the same as last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.5K | - | N/A |
| 2 Bedrooms | $155K | $143K | -7.7% |
| 3 Bedrooms | $188K | $191.9K | +2.1% |
| 4 Bedrooms | $227K | $241K | +6.2% |
| 5+ Bedrooms | $267K | $273.1K | +2.3% |
Summary: Geneseo Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Geneseo Township | $197.5K | $197.5K | 0.0% |
| Geneseo | $197.5K | $197.5K | 0.0% |
Housing Supply in Geneseo Township, IL
How many homes are available in Geneseo Township, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The Geneseo Township real estate market had 37 homes for sale in October 2024, a 19.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Geneseo Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Geneseo Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Geneseo Township in October 2024, up by 11.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 30 Days | +562.2% |
Summary: Homes in Geneseo Township had an average of 30 days on market in Oct 2024, up by 562.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Geneseo Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Geneseo Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.