Is Genoa Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Genoa Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Genoa Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Genoa Township, IL

How much do homes in Genoa Township, IL cost?

Median Sold Price

$275,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+12.2%)

Key Takeaway

Homes in Genoa Township have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in Genoa Township was $275,000 in November 2024, up 12.2% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $164.5K-
N/A
2 $360.7K$246.5K
-31.7%
3 $240K$269K
+12.1%
4 $290K$380K
+31.0%
5+ $232.5K$429K
+84.5%

Summary: Genoa Township 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 31.7%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 31%, and 5+ bedroom homes increased by 84.5%.

Median Sold Price Compared To Nearby Cities

Genoa Township
+12.2%
Genoa
+11.8%
Hampshire Township
-1.3%
Kingston Township
-2.6%

Housing Supply in Genoa Township, IL

How many homes are available in Genoa Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4948-2.0%

Summary: The Genoa Township real estate market had 48 homes for sale in November 2024, a 2.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 2524
-4.0%
4 1414
0.0%
5+ 21
-50.0%

Summary: The Genoa Township 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 increased by 12.5%, 3 bedroom homes decreased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
815+87.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Genoa Township, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Genoa Township in November 2024, up by 87.5% month-over-month. Of the 15 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.

Days on Market for Genoa Township, IL

How long does it take to sell a home in Genoa Township, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
53 Days19 Days-63.2%

Summary: Homes in Genoa Township had an average of 19 days on market in Nov 2024, down by 63.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 15 homes were sold in Genoa Township; 73% of homes were sold within 30 days, 27% 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 17 Days Ago

Newest Listings in Genoa Township, IL

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