$2,791 Closing Credit*
$235,000
720 SqFt
2 Beds
•1 Full Bath
Joseph P Procaccio, Listing Office: Keller Williams Chervenic Rlty
Is Geneva-on-the-Lake, 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-on-the-Lake has remained a Neutral Market.
Key Takeaway
Geneva-on-the-Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Geneva-on-the-Lake, OH
How much do homes in Geneva-on-the-Lake, OH cost?
Median Sold Price
$187,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,000(+18.4%)
Key Takeaway
Homes in Geneva-on-the-Lake have sold for 18.4% more than they did a year ago.
Summary: The median home sold price in Geneva-on-the-Lake was $187,000 in October 2024, up 18.4% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71K | $84.9K | +19.6% |
| 2 Bedrooms | $150.2K | $190K | +26.5% |
| 3 Bedrooms | $215.4K | $199.9K | -7.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $182K | N/A |
Summary: Geneva-on-the-Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 26.5%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Geneva-on-the-Lake | $158K | $187K | +18.4% |
| Geneva Township | $175K | $195.2K | +11.6% |
Housing Supply in Geneva-on-the-Lake, OH
How many homes are available in Geneva-on-the-Lake, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Summary: The Geneva-on-the-Lake real estate market had 13 homes for sale in October 2024, a 85.7% 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 | 0 | 4 | +100.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Geneva-on-the-Lake 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 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Geneva-on-the-Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Geneva-on-the-Lake in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Geneva-on-the-Lake, OH
How long does it take to sell a home in Geneva-on-the-Lake, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 31 Days | +12.5% |
Summary: Homes in Geneva-on-the-Lake had an average of 31 days on market in Oct 2024, up by 12.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Geneva-on-the-Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Geneva-on-the-Lake; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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