$1,780 Closing Credit*
$149,900
1,926 SqFt
5 Beds
•2 Full Baths
John P. Parrott III, Listing Office: Coldwell Banker Finger Lakes
Is Geneva, 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, 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
$197,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,000(+9.4%)
Key Takeaway
Homes in Geneva have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Geneva was $197,000 in November 2024, up 9.4% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $270K | N/A |
| 2 Bedrooms | $153K | $230K | +50.3% |
| 3 Bedrooms | $179.9K | $201.5K | +12.0% |
| 4 Bedrooms | $204K | $189K | -7.4% |
| 5+ Bedrooms | $164.2K | $220K | +33.9% |
Summary: Geneva 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 increased by 50.3%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 33.9%.
Median Sold Price Compared To Nearby Cities
| Geneva | $180K | $197K | +9.4% |
| Fayette | $230.5K | $194.9K | -15.4% |
Housing Supply in Geneva, NY
How many homes are available in Geneva, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 60 | -10.4% |
Summary: The Geneva real estate market had 60 homes for sale in November 2024, a 10.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 16 | 12 | -25.0% |
Summary: The Geneva 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 decreased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Geneva, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Geneva in November 2024, up by 8.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 15 Days | -31.4% |
Summary: Homes in Geneva had an average of 15 days on market in Nov 2024, down by 31.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Geneva are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Geneva; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
