$1,959 Closing Credit*
$165,000
1,300 SqFt
3 Beds
•1 Full Bath, 1 Partial
Ryan Pyatt, Listing Office: Keller Williams Realty Lancaster
Is Genesee County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Genesee County has remained a Seller's Market.
Key Takeaway
Genesee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Genesee County, NY
How much do homes in Genesee County, NY cost?
Median Sold Price
$190,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,744(+6.0%)
Key Takeaway
Homes in Genesee County have sold for 6% more than they did a year ago.
Summary: The median home sold price in Genesee County was $190,000 in November 2024, up 6% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126.5K | $97K | -23.3% |
| 2 Bedrooms | $150K | $155K | +3.3% |
| 3 Bedrooms | $185K | $190K | +2.7% |
| 4 Bedrooms | $172.5K | $199.9K | +15.9% |
| 5+ Bedrooms | $200K | $213.5K | +6.8% |
Summary: Genesee County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Counties
| Livingston County | $199K | $230K | +15.6% |
| Monroe County | $229.8K | $243.7K | +6.1% |
| Genesee County | $179.2K | $190K | +6.0% |
| Wyoming County | $164.1K | $172.3K | +5.0% |
| Orleans County | $160.1K | $166K | +3.6% |
Housing Supply in Genesee County, NY
How many homes are available in Genesee County, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 160 | 132 | -17.5% |
Summary: The Genesee County real estate market had 132 homes for sale in November 2024, a 17.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 26 | 20 | -23.1% |
| 3 Bedrooms | 74 | 61 | -17.6% |
| 4 Bedrooms | 42 | 33 | -21.4% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Genesee County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 33 | -26.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Genesee County, you could pay more than the asking price. 51.5% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Genesee County in November 2024, down by 26.7% month-over-month. Of the 33 sold homes, 33% were sold under asking, 15% were sold at asking, and 52% were sold over asking.
Days on Market for Genesee County, NY
How long does it take to sell a home in Genesee County, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 23 Days | -2.4% |
Summary: Homes in Genesee County had an average of 23 days on market in Nov 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Genesee County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 33 homes were sold in Genesee County; 79% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
