Is Geneva-on-the-Lake, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Geneva-on-the-Lake is a neutral'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

# BEDSOct 2023Oct 2024CHANGE
1 $71K$84.9K
+19.6%
2 $150.2K$190K
+26.5%
3 $215.4K$199.9K
-7.2%
4 --
N/A
5+ -$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
+18.4%
Geneva Township
+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 2024Oct 2024CHANGE
713+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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 04
+100.0%
3 79
+28.6%
4 00
0.0%
5+ 00
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 2024Oct 2024CHANGE
02+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
28 Days31 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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