$594 Closing Credit*
$50,000
1,400 SqFt
3 Beds
•1 Full Bath
Anthony C. Butera, Listing Office: Keller Williams Realty Greater Rochester
Is Genesee / Jefferson, NY 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, Genesee / Jefferson has remained a Seller's Market.
Key Takeaway
Genesee / Jefferson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Genesee / Jefferson, NY
How much do homes in Genesee / Jefferson, NY cost?
Median Sold Price
$85,000
$55/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+41.7%)
Key Takeaway
Homes in Genesee / Jefferson have sold for 41.7% more than they did a year ago.
Summary: The median home sold price in Genesee / Jefferson was $85,000 in October 2024, up 41.7% from last year, and the median price per square foot was $55.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $45K | $61.2K | +36.1% |
| 3 Bedrooms | $63.5K | $92K | +44.9% |
| 4 Bedrooms | $64.5K | $70K | +8.5% |
| 5+ Bedrooms | $57K | $120K | +110.5% |
Summary: Genesee / Jefferson 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 36.1%, 3 bedroom homes increased by 44.9%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 110.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Genesee / Jefferson | $60K | $85K | +41.7% |
| Mayor's Heights / C.O.T.S. | $111.2K | $94.5K | -15.1% |
Housing Supply in Genesee / Jefferson, NY
How many homes are available in Genesee / Jefferson, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Genesee / Jefferson real estate market had 23 homes for sale in October 2024, a 4.2% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Genesee / Jefferson 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 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Genesee / Jefferson, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Genesee / Jefferson in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Genesee / Jefferson, NY
How long does it take to sell a home in Genesee / Jefferson, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 32 Days | +4.1% |
Summary: Homes in Genesee / Jefferson had an average of 32 days on market in Oct 2024, up by 4.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Genesee / Jefferson are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Genesee / Jefferson; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
