Is Genoa City, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Genoa City is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Genoa City has remained a Seller's Market.

Key Takeaway

Genoa City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Genoa City, WI

How much do homes in Genoa City, WI cost?

Median Sold Price

$296,850

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,850(+7.9%)

Key Takeaway

Homes in Genoa City have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Genoa City was $296,850 in November 2024, up 7.9% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $80.4K$205K
+154.7%
2 $216.4K$225K
+4.0%
3 $281K$300K
+6.8%
4 $355K$345K
-2.8%
5+ $841.4K$1.5M
+84.2%

Summary: Genoa City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 154.7%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 84.2%.

Median Sold Price Compared To Nearby Cities

Randall
+13.2%
Genoa City
+7.9%
Bloomfield
-2.1%

Housing Supply in Genoa City, WI

How many homes are available in Genoa City, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5043-14.0%

Summary: The Genoa City real estate market had 43 homes for sale in November 2024, a 14.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 2925
-13.8%
4 98
-11.1%
5+ 66
0.0%

Summary: The Genoa City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Genoa City, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Genoa City in November 2024, up by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.

Days on Market for Genoa City, WI

How long does it take to sell a home in Genoa City, WI?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Genoa City are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in Genoa City; 8% of homes were sold within 30 days, 0% 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 17 Days Ago

Newest Listings in Genoa City, WI

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