Is Genesee, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Genesee has remained a Seller's Market.
Housing Prices in Genesee, MI
How much do homes in Genesee, MI cost?
Median Sold Price
$105,000
$121/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
Summary: The median home sold price in Genesee was $105,000 in August 2024, down 19.8% from last month, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $131K | - | N/A |
3 Bedrooms | - | $105K | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Genesee housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Genesee, MI
How many homes are available in Genesee, MI?
Number of Homes For Sale
Jul 2024 | Aug 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Summary: The Genesee real estate market had 1 homes for sale in August 2024, a 50.0% decrease compared to July 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Genesee housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jul 2024 | Aug 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Genesee in August 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Genesee, MI
How long does it take to sell a home in Genesee, MI?
Average Sale Time
Jul 2024 | Aug 2024 | CHANGE |
---|---|---|
7 Days | 40 Days | +471.4% |
Summary: Homes in Genesee had an average of 40 days on market in Aug 2024, up by 471.4% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During August 2024, 1 homes were sold in Genesee; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.