Is Lake Geneva, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Geneva is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Lake Geneva was a Seller's Market.

Key Takeaway

Lake Geneva is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lake Geneva, WI

How much do homes in Lake Geneva, WI cost?

Median Sold Price

$425,900

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,900(+6.5%)

Key Takeaway

Homes in Lake Geneva have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Lake Geneva was $425,900 in November 2024, up 6.5% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $155K$142K
-8.4%
2 $270K$285K
+5.6%
3 $440.7K$437K
-0.9%
4 $599.5K$603.3K
+0.6%
5+ $1.1M$1.0M
-8.0%

Summary: Lake Geneva housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 8%.

Median Sold Price Compared To Nearby Cities

Geneva
+9.6%
Lyons
+6.6%
Lake Geneva
+6.5%
Linn
-1.2%
Bloomfield
-2.1%

Housing Supply in Lake Geneva, WI

How many homes are available in Lake Geneva, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
176158-10.2%

Summary: The Lake Geneva real estate market had 158 homes for sale in November 2024, a 10.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1211
-8.3%
2 3629
-19.4%
3 6653
-19.7%
4 3843
+13.2%
5+ 2422
-8.3%

Summary: The Lake Geneva housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes decreased by 19.7%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4121-48.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Geneva, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Lake Geneva in November 2024, down by 48.8% month-over-month. Of the 21 sold homes, 62% were sold under asking, 29% were sold at asking, and 10% were sold over asking.

Days on Market for Lake Geneva, WI

How long does it take to sell a home in Lake Geneva, WI?

Average Sale Time

Nov 2023Nov 2024CHANGE
47 Days32 Days-30.9%

Summary: Homes in Lake Geneva had an average of 32 days on market in Nov 2024, down by 30.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 21 homes were sold in Lake Geneva; 5% of homes were sold within 30 days, 5% 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

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