$4,138 Closing Credit*
$348,500
2,823 SqFt
6 Beds
•3 Full Baths
Wendy J Werman, Listing Office: HomeSmart Real Estate Momentum LLC
Is Geneva, OH 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, OH
How much do homes in Geneva, OH cost?
Median Sold Price
$195,250
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,250(+11.6%)
Key Takeaway
Homes in Geneva have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Geneva was $195,250 in October 2024, up 11.6% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $84.9K | +13.3% |
| 2 Bedrooms | $138K | $185.3K | +34.3% |
| 3 Bedrooms | $195K | $195K | 0.0% |
| 4 Bedrooms | $239.9K | $265K | +10.5% |
| 5+ Bedrooms | $178K | $202K | +13.5% |
Summary: Geneva housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 34.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Geneva | $175K | $195.2K | +11.6% |
| Geneva Township | $175K | $195.2K | +11.6% |
| Harpersfield Township | $271K | $219.9K | -18.9% |
Housing Supply in Geneva, OH
How many homes are available in Geneva, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 57 | +5.6% |
Summary: The Geneva real estate market had 57 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 39 | 38 | -2.6% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Geneva housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Geneva, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Geneva in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for Geneva, OH
How long does it take to sell a home in Geneva, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 60 Days | +45.5% |
Summary: Homes in Geneva had an average of 60 days on market in Oct 2024, up by 45.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Geneva has remained consistent over time.
Summary: During October 2024, 14 homes were sold in Geneva; 21% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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