Is Geneva, WI 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, WI

How much do homes in Geneva, WI cost?

Median Sold Price

$395,900

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,900(+7.6%)

Key Takeaway

Homes in Geneva have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Geneva was $395,900 in October 2024, up 7.6% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200K$155K
-22.5%
2 $285K$270K
-5.3%
3 $394K$425K
+7.9%
4 $575K$650K
+13.0%
5+ $1.0M$907K
-11.9%

Summary: Geneva housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.5%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 11.9%.

Median Sold Price Compared To Nearby Cities

Williams Bay
+20.2%
Linn
+11.4%
Lake Geneva
+8.6%
Geneva
+7.6%

Housing Supply in Geneva, WI

How many homes are available in Geneva, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
58580.0%

Summary: The Geneva real estate market had 58 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1112
+9.1%
3 2724
-11.1%
4 1013
+30.0%
5+ 98
-11.1%

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 9.1%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1415+7.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 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. 73.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Geneva in October 2024, up by 7.1% month-over-month. Of the 15 sold homes, 73% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Geneva, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 16 Days Ago

Newest Listings in Geneva, WI

Nearby Markets to Geneva, WI

What housing markets are near Geneva, WI?