Is Genoa Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Genoa Township has remained a Seller's Market.
Housing Prices in Genoa Township, OH
How much do homes in Genoa Township, OH cost?
Median Sold Price
$517,143
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Genoa Township was $517,143 in May 2024, up 8.8% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | - | N/A |
2 Bedrooms | $338.1K | $360K | +6.5% |
3 Bedrooms | $410K | $432.8K | +5.6% |
4 Bedrooms | $527.5K | $580K | +10.0% |
5+ Bedrooms | $625K | $742.5K | +18.8% |
Summary: Genoa Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Cities
Genoa Township | $475.2K | $517.1K | +8.8% |
Orange Township | $470.4K | $511.6K | +8.8% |
Westerville City Township | $414K | $427.5K | +3.3% |
Westerville | $388.2K | $400.8K | +3.2% |
Housing Supply in Genoa Township, OH
How many homes are available in Genoa Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
78 | 93 | +19.2% |
Summary: The Genoa Township real estate market had 93 homes for sale in May 2024, a 19.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 30 | 28 | -6.7% |
4 Bedrooms | 36 | 47 | +30.6% |
5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Genoa Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 31 | -11.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Genoa Township in May 2024, down by 11.4% month-over-month. Of the 31 sold homes, 19% were sold under asking, 23% were sold at asking, and 58% were sold over asking.
Days on Market for Genoa Township, OH
How long does it take to sell a home in Genoa Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 20 Days | +35.2% |
Summary: Homes in Genoa Township had an average of 20 days on market in May 2024, up by 35.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Genoa Township; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.