$5,105 Closing Credit*
$429,900
1,812 SqFt
3 Beds
•2 Full Baths
Renee R. Book, Listing Office: AB Cole Real Estate, Inc.
Is Geneseo, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Geneseo was a Seller's Market.
Key Takeaway
Geneseo 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 Geneseo, NY
How much do homes in Geneseo, NY cost?
Median Sold Price
$223,250
$212/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$11,750(-5.0%)
Key Takeaway
Homes in Geneseo have sold for 5% less than they did a month ago.
Summary: The median home sold price in Geneseo was $223,250 in December 2024, down 5% from last month, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $294.2K | $223.2K | -24.1% |
| 4 Bedrooms | $235K | - | N/A |
| 5+ Bedrooms | $157K | - | N/A |
Summary: Geneseo housing prices by bedroom type for December 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 decreased by 24.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Geneseo, NY
How many homes are available in Geneseo, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 19 | 12 | -36.8% |
Summary: The Geneseo real estate market had 12 homes for sale in December 2024, a 36.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 3 | 0 | -100.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Geneseo housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Geneseo, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Geneseo in December 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Geneseo, NY
How long does it take to sell a home in Geneseo, NY?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 Days | 5 Days | -61.1% |
Summary: Homes in Geneseo had an average of 5 days on market in Dec 2024, down by 61.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Geneseo are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Geneseo; 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.
