$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 Township, 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 Township has remained a Seller's Market.
Key Takeaway
Geneva Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Geneva Township, OH
How much do homes in Geneva Township, 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 Township have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Geneva Township 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 | $190K | $195K | +2.6% |
| 4 Bedrooms | $239.9K | $265K | +10.5% |
| 5+ Bedrooms | $178K | $202K | +13.5% |
Summary: Geneva Township 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 increased by 2.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Geneva-on-the-Lake | $158K | $187K | +18.4% |
| Geneva Township | $175K | $195.2K | +11.6% |
| Geneva | $175K | $195.2K | +11.6% |
| Madison Township | $196K | $205K | +4.6% |
| Harpersfield Township | $271K | $219.9K | -18.9% |
Housing Supply in Geneva Township, OH
How many homes are available in Geneva Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 57 | +5.6% |
Summary: The Geneva Township 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 Township 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 Township, 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 Township 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 Township, OH
How long does it take to sell a home in Geneva Township, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 60 Days | +45.5% |
Summary: Homes in Geneva Township 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 Township has remained consistent over time.
Summary: During October 2024, 14 homes were sold in Geneva Township; 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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