Is Genoa, NV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Genoa is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Genoa was a Buyer's Market.

Key Takeaway

Genoa is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Genoa, NV

How much do homes in Genoa, NV cost?

Median Sold Price

$967,500

$358/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$364,500(-27.4%)

Key Takeaway

Homes in Genoa have sold for 27.4% less than they did a month ago.

Summary: The median home sold price in Genoa was $967,500 in October 2024, down 27.4% from last month, and the median price per square foot was $358.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$1.0M
N/A
4 $1.3M$895K
-32.8%
5+ --
N/A

Summary: Genoa housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 32.8%, and 5+ bedroom homes did not change.

Housing Supply in Genoa, NV

How many homes are available in Genoa, NV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
24240.0%

Summary: The Genoa real estate market had 24 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1112
+9.1%
4 98
-11.1%
5+ 44
0.0%

Summary: The Genoa 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Genoa, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Genoa in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Genoa, NV

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

Average Sale Time

Sep 2024Oct 2024CHANGE
95 Days79 Days-16.5%

Summary: Homes in Genoa had an average of 79 days on market in Oct 2024, down by 16.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Genoa has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Genoa; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

Newest Listings in Genoa, NV

Nearby Markets to Genoa, NV