Is Genesee Moselle, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Genesee Moselle is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Genesee Moselle has remained a Seller's Market.

Key Takeaway

Genesee Moselle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Genesee Moselle, NY

How much do homes in Genesee Moselle, NY cost?

Median Sold Price

$117,000

$67/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,000(-2.5%)

Key Takeaway

Homes in Genesee Moselle have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Genesee Moselle was $117,000 in November 2024, down 2.5% from last year, and the median price per square foot was $67.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $73K$95K
+30.1%
4 $128K$98.9K
-22.7%
5+ $132.5K$141.5K
+6.8%

Summary: Genesee Moselle housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 30.1%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes increased by 6.8%.

Median Sold Price Compared To Nearby Neighborhoods

Grider
+3.2%
Emerson
-1.5%
Genesee Moselle
-2.5%
Martin Luther King Park
-10.8%

Housing Supply in Genesee Moselle, NY

How many homes are available in Genesee Moselle, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1715-11.8%

Summary: The Genesee Moselle real estate market had 15 homes for sale in November 2024, a 11.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 11
0.0%
4 54
-20.0%
5+ 108
-20.0%

Summary: The Genesee Moselle housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Genesee Moselle, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Genesee Moselle in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for Genesee Moselle, NY

How long does it take to sell a home in Genesee Moselle, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days10 Days-37.9%

Summary: Homes in Genesee Moselle had an average of 10 days on market in Nov 2024, down by 37.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Genesee Moselle; 100% of homes were sold within 30 days, 0% 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 10 Days Ago

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