Is Geneva Township, 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 Township has remained a Seller's Market.
Housing Prices in Geneva Township, IL
How much do homes in Geneva Township, IL cost?
Median Sold Price
$454,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Geneva Township was $454,000 in April 2024, up 10.6% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $263.2K | $168.7K | -35.9% |
2 Bedrooms | $270K | $325K | +20.4% |
3 Bedrooms | $360K | $400K | +11.1% |
4 Bedrooms | $517.2K | $520K | 0.5% |
5+ Bedrooms | $604.9K | $635K | +5.0% |
Summary: Geneva Township 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 20.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
Geneva | $407.4K | $451K | +10.7% |
Geneva Township | $410.6K | $454K | +10.6% |
Batavia Township | $364.9K | $400K | +9.6% |
Batavia | $374.6K | $404.5K | +8.0% |
Saint Charles | $374.9K | $390K | +4.0% |
Housing Supply in Geneva Township, IL
How many homes are available in Geneva Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 118 | +15.7% |
Summary: The Geneva Township real estate market had 118 homes for sale in April 2024, a 15.7% 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 | 12 | 21 | +75.0% |
3 Bedrooms | 38 | 45 | +18.4% |
4 Bedrooms | 40 | 39 | -2.5% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Geneva Township 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 75%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 35 | -2.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Geneva Township in April 2024, down by 2.8% month-over-month. Of the 35 sold homes, 31% were sold under asking, 26% were sold at asking, and 43% were sold over asking.
Days on Market for Geneva Township, IL
How long does it take to sell a home in Geneva Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 14 Days | -23.0% |
Summary: Homes in Geneva Township had an average of 14 days on market in Apr 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in Geneva Township; 89% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.