Is Geneva, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Geneva is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $75K$84.9K
+13.3%
2 $138K$185.3K
+34.3%
3 $195K$195K
0.0%
4 $239.9K$265K
+10.5%
5+ $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
+11.6%
Geneva Township
+11.6%
Harpersfield Township
-18.9%

Housing Supply in Geneva, OH

How many homes are available in Geneva, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5457+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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 3938
-2.6%
4 56
+20.0%
5+ 45
+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 2024Oct 2024CHANGE
1314+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
41 Days60 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

Breakdown of Home Sale Times

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.

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

Report Updated 4 Days Ago

Newest Listings in Geneva, OH

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