Is Geneva, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Geneva has remained a Seller's Market.
Housing Prices in Geneva, IL
How much do homes in Geneva, IL cost?
Median Sold Price
$451,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Geneva was $451,000 in April 2024, up 10.7% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $263.2K | $168.7K | -35.9% |
2 Bedrooms | $278K | $331.2K | +19.2% |
3 Bedrooms | $360K | $405K | +12.5% |
4 Bedrooms | $517.2K | $525K | +1.5% |
5+ Bedrooms | $615K | $630K | +2.4% |
Summary: Geneva housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.9%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Geneva | $407.4K | $451K | +10.7% |
Geneva Township | $410.6K | $454K | +10.6% |
Batavia | $374.6K | $404.5K | +8.0% |
Saint Charles Township | $415.9K | $445K | +7.0% |
Saint Charles | $374.9K | $390K | +4.0% |
Housing Supply in Geneva, IL
How many homes are available in Geneva, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 101 | +17.4% |
Summary: The Geneva real estate market had 101 homes for sale in April 2024, a 17.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 20 | +81.8% |
3 Bedrooms | 33 | 41 | +24.2% |
4 Bedrooms | 30 | 29 | -3.3% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Geneva housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 81.8%, 3 bedroom homes increased by 24.2%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 30 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Geneva in April 2024, the same as the previous month. Of the 30 sold homes, 33% were sold under asking, 23% were sold at asking, and 43% were sold over asking.
Days on Market for Geneva, IL
How long does it take to sell a home in Geneva, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 15 Days | -13.6% |
Summary: Homes in Geneva had an average of 15 days on market in Apr 2024, down by 13.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Geneva; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.