Is Geneva Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Geneva Township is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Geneva Township was a Seller's Market.

Key Takeaway

Geneva Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Geneva Township, IN

How much do homes in Geneva Township, IN cost?

Median Sold Price

$205,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,750(+6.1%)

Key Takeaway

Homes in Geneva Township have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Geneva Township was $205,000 in October 2024, up 6.1% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $132.5K$315K
+137.7%
3 $215K$195K
-9.3%
4 $150K$273K
+82.0%
5+ $545K$214.5K
-60.6%

Summary: Geneva 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 increased by 137.7%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 82%, and 5+ bedroom homes decreased by 60.6%.

Median Sold Price Compared To Nearby Cities

Center Township
+9.5%
Geneva Township
+6.1%
Sand Creek Township
+5.4%
Scipio
-2.6%

Housing Supply in Geneva Township, IN

How many homes are available in Geneva Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2422-8.3%

Summary: The Geneva Township real estate market had 22 homes for sale in October 2024, a 8.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 53
-40.0%
3 1312
-7.7%
4 44
0.0%
5+ 12
+100.0%

Summary: The Geneva 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 decreased by 40%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Geneva Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Geneva Township in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Geneva Township, IN

How long does it take to sell a home in Geneva Township, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days20 Days-53.5%

Summary: Homes in Geneva Township had an average of 20 days on market in Oct 2024, down by 53.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Geneva Township; 33% of homes were sold within 30 days, 33% 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 16 Days Ago

Newest Listings in Geneva Township, IN

Nearby Markets to Geneva Township, IN