$2,136 Closing Credit*
$179,900
1,251 SqFt
3 Beds
•1 Full Bath
Pattie M. Cavanaugh, Listing Office: LivCo Realty LLC
Is Geneseo, 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, Geneseo has remained a Seller's Market.
Key Takeaway
Geneseo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Geneseo, NY
How much do homes in Geneseo, NY cost?
Median Sold Price
$300,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,000(+16.7%)
Key Takeaway
Homes in Geneseo have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Geneseo was $300,000 in November 2024, up 16.7% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $300K | +15.4% |
| 2 Bedrooms | $213.5K | $290.8K | +36.2% |
| 3 Bedrooms | $244.5K | $340K | +39.1% |
| 4 Bedrooms | $342.5K | $270K | -21.2% |
| 5+ Bedrooms | $273K | $350K | +28.2% |
Summary: Geneseo housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 36.2%, 3 bedroom homes increased by 39.1%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes increased by 28.2%.
Housing Supply in Geneseo, NY
How many homes are available in Geneseo, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 17 | -43.3% |
Summary: The Geneseo real estate market had 17 homes for sale in November 2024, a 43.3% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 16 | 9 | -43.8% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Geneseo 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 100%, 3 bedroom homes decreased by 43.8%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Geneseo, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Geneseo in November 2024, down by 54.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 11 Days | -35.6% |
Summary: Homes in Geneseo had an average of 11 days on market in Nov 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
5 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 November 2024, 5 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.
