Is Genoa, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Genoa is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Genoa has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Genoa, NY

How much do homes in Genoa, NY cost?

Median Sold Price

$255,000

$190/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$65,000(-20.3%)

Key Takeaway

Homes in Genoa have sold for 20.3% less than they did a month ago.

Summary: The median home sold price in Genoa was $255,000 in November 2024, down 20.3% from last month, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $320K-
N/A
3 -$255K
N/A
4 --
N/A
5+ --
N/A

Summary: Genoa housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Genoa, NY

How many homes are available in Genoa, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
53-40.0%

Summary: The Genoa real estate market had 3 homes for sale in November 2024, a 40.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Genoa 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 33.3%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Genoa, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Genoa in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Genoa, NY

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

Average Sale Time

Oct 2024Nov 2024CHANGE
12 Days41 Days+241.7%

Summary: Homes in Genoa had an average of 41 days on market in Nov 2024, up by 241.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Genoa has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Genoa; 0% of homes were sold within 30 days, 100% 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 18 Days Ago

Newest Listings in Genoa, NY

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