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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Geneva is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Geneva, WI

How much do homes in Geneva, WI cost?

Median Sold Price

$382,500

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,000(+2.7%)

Key Takeaway

Homes in Geneva have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Geneva was $382,500 in May 2024, up 2.7% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $200K$200K
0.0%
2 $276.2K$262K
-5.2%
3 $347.9K$412.5K
+18.6%
4 $650K$575K
-11.5%
5+ $952.5K$951K
-0.2%

Summary: Geneva 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 decreased by 5.2%, 3 bedroom homes increased by 18.6%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 0.2%.

Median Sold Price Compared To Nearby Cities

Lake Geneva
+14.5%
Geneva
+2.7%
Williams Bay
-7.7%
Linn
-8.2%

Housing Supply in Geneva, WI

How many homes are available in Geneva, WI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5969+16.9%

Summary: The Geneva real estate market had 69 homes for sale in May 2024, a 16.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1012
+20.0%
3 2933
+13.8%
4 1718
+5.9%
5+ 36
+100.0%

Summary: The Geneva 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 20%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
13130.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Geneva, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Geneva in May 2024, the same as the previous month. Of the 13 sold homes, 62% were sold under asking, 31% were sold at asking, and 8% were sold over asking.

Days on Market for 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 1 Day Ago

Newest Listings in Geneva, WI

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