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 seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Lake Geneva has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lake Geneva, WI

How much do homes in Lake Geneva, WI cost?

Median Sold Price

$434,583

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,583(+8.6%)

Key Takeaway

Homes in Lake Geneva have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Lake Geneva was $434,583 in October 2024, up 8.6% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155K$146.5K
-5.5%
2 $271K$285K
+5.2%
3 $440.7K$440K
-0.2%
4 $600K$640.8K
+6.8%
5+ $1.3M$1.1M
-21.0%

Summary: Lake Geneva housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 21%.

Median Sold Price Compared To Nearby Cities

Lyons
+25.0%
Linn
+11.4%
Lake Geneva
+8.6%
Geneva
+7.6%
Bloomfield
-8.5%

Housing Supply in Lake Geneva, WI

How many homes are available in Lake Geneva, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
174188+8.0%

Summary: The Lake Geneva real estate market had 188 homes for sale in October 2024, a 8.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1214
+16.7%
2 3038
+26.7%
3 6872
+5.9%
4 3639
+8.3%
5+ 2825
-10.7%

Summary: The Lake Geneva housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 10.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3139+25.8%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 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. 69.2% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Lake Geneva in October 2024, up by 25.8% month-over-month. Of the 39 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.

Days on Market for Lake 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 Lake Geneva, WI

Nearby Markets to Lake Geneva, WI

What housing markets are near Lake Geneva, WI?