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 October 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

$283,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,000(+2.2%)

Key Takeaway

Homes in Genoa City have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Genoa City was $283,000 in October 2024, up 2.2% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $80.4K$205K
+154.7%
2 $217.9K$225K
+3.3%
3 $287K$299.9K
+4.5%
4 $355K$345K
-2.8%
5+ $903K$578.9K
-35.9%

Summary: Genoa City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 154.7%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 35.9%.

Median Sold Price Compared To Nearby Cities

Randall
+15.0%
Genoa City
+2.2%
Bloomfield
-8.5%

Housing Supply in Genoa City, WI

How many homes are available in Genoa City, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4051+27.5%

Summary: The Genoa City real estate market had 51 homes for sale in October 2024, a 27.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 66
0.0%
3 1929
+52.6%
4 1210
-16.7%
5+ 36
+100.0%

Summary: The Genoa City 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 remained the same, 3 bedroom homes increased by 52.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Genoa City, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Genoa City in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% 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 October 2024, 10 homes were sold in Genoa City; 10% 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 16 Days Ago

Newest Listings in Genoa City, WI

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