$5,105 Closing Credit*
$429,900
1,774 SqFt
4 Beds
•3 Full Baths
Dave Villerot, Listing Office: 3DX Real Estate-Brighton
Is Genoa Township, MI 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, 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, MI
How much do homes in Genoa Township, MI cost?
Median Sold Price
$416,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,000(+8.1%)
Key Takeaway
Homes in Genoa Township have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Genoa Township was $416,000 in October 2024, up 8.1% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.5K | $145K | -41.4% |
| 2 Bedrooms | $252.5K | $259.5K | +2.8% |
| 3 Bedrooms | $355.6K | $375K | +5.4% |
| 4 Bedrooms | $500K | $563.5K | +12.7% |
| 5+ Bedrooms | $725K | $850K | +17.2% |
Summary: Genoa Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Genoa Township | $385K | $416K | +8.1% |
| Hamburg Township | $395K | $425K | +7.6% |
| Oceola Township | $386K | $400.5K | +3.8% |
| Brighton Township | $425K | $429.4K | +1.0% |
| Brighton | $422.3K | $425K | +0.6% |
Housing Supply in Genoa Township, MI
How many homes are available in Genoa Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 90 | 88 | -2.2% |
Summary: The Genoa Township real estate market had 88 homes for sale in October 2024, a 2.2% decrease 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 | 16 | 13 | -18.8% |
| 3 Bedrooms | 44 | 40 | -9.1% |
| 4 Bedrooms | 20 | 26 | +30.0% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Genoa 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 18.8%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Genoa Township, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Genoa Township in October 2024, up by 11.5% month-over-month. Of the 29 sold homes, 52% were sold under asking, 21% were sold at asking, and 28% were sold over asking.
Days on Market for Genoa Township, MI
How long does it take to sell a home in Genoa Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 20 Days | -23.0% |
Summary: Homes in Genoa Township had an average of 20 days on market in Oct 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Genoa Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in Genoa Township; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.