$85,000
6.76 Acres
Land
Jennifer B. LaRoche, Listing Office: Keller Williams Realty Gateway
Is Geneva, 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, Geneva has remained a Seller's Market.
Key Takeaway
Geneva is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Geneva, NY
How much do homes in Geneva, NY cost?
Median Sold Price
$200,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,200(+11.2%)
Key Takeaway
Homes in Geneva have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Geneva was $200,000 in October 2024, up 11.2% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $270K | N/A |
| 2 Bedrooms | $151.4K | $221K | +45.9% |
| 3 Bedrooms | $180K | $202.5K | +12.5% |
| 4 Bedrooms | $190K | $189.5K | -0.3% |
| 5+ Bedrooms | $164.2K | $220K | +33.9% |
Summary: Geneva 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 45.9%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 33.9%.
Median Sold Price Compared To Nearby Cities
| Geneva | $179.8K | $200K | +11.2% |
| Fayette | $210K | $184.9K | -12.0% |
Housing Supply in Geneva, NY
How many homes are available in Geneva, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 64 | -15.8% |
Summary: The Geneva real estate market had 64 homes for sale in October 2024, a 15.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 33 | 27 | -18.2% |
| 4 Bedrooms | 19 | 12 | -36.8% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Geneva housing inventory by bedroom type for October 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 36.8%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Geneva, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Geneva in October 2024, down by 35.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 0% were sold at asking, and 45% were sold over asking.
Days on Market for Geneva, NY
How long does it take to sell a home in Geneva, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 43 Days | +487.5% |
Summary: Homes in Geneva had an average of 43 days on market in Oct 2024, up by 487.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Geneva are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Geneva; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
