Is Genoa Township, IL 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, IL
How much do homes in Genoa Township, IL cost?
Median Sold Price
$252,500
$180/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 $252,500 in May 2024, up 10.7% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164.5K | - | N/A |
2 Bedrooms | $175K | $346.7K | +98.1% |
3 Bedrooms | $239.9K | $242.5K | +1.1% |
4 Bedrooms | $200K | $278.5K | +39.3% |
5+ Bedrooms | $234.5K | $286K | +22.0% |
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 98.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
Kingston Township | $277.9K | $310K | +11.6% |
Genoa Township | $228K | $252.5K | +10.7% |
Genoa | $226.5K | $247.5K | +9.3% |
Hampshire Township | $350.3K | $373K | +6.5% |
Burlington Township | $425.4K | $429K | +0.8% |
Housing Supply in Genoa Township, IL
How many homes are available in Genoa Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 32 | +39.1% |
Summary: The Genoa Township real estate market had 32 homes for sale in May 2024, a 39.1% 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 | 7 | 9 | +28.6% |
3 Bedrooms | 11 | 17 | +54.5% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
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 28.6%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 7 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Genoa Township in May 2024, up by 100.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Genoa Township, IL
How long does it take to sell a home in Genoa Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 8 Days | -68.5% |
Summary: Homes in Genoa Township had an average of 8 days on market in May 2024, down by 68.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Genoa Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.