Is Geneva Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$450,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Geneva Township was $450,000 in March 2024, up 10.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257.5K | $247.5K | -3.9% |
2 Bedrooms | $270K | $322.4K | +19.4% |
3 Bedrooms | $355.5K | $400K | +12.5% |
4 Bedrooms | $500K | $515K | +3.0% |
5+ Bedrooms | $599.9K | $635K | +5.9% |
Summary: Geneva Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
Geneva | $405K | $450K | +11.1% |
Geneva Township | $408.3K | $450K | +10.2% |
Batavia Township | $365K | $392.2K | +7.5% |
Batavia | $375K | $400K | +6.7% |
Saint Charles | $372.7K | $389.9K | +4.6% |
Housing Supply in Geneva Township, IL
How many homes are available in Geneva Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 101 | +13.5% |
Summary: The Geneva Township real estate market had 101 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 39 | 37 | -5.1% |
4 Bedrooms | 29 | 37 | +27.6% |
5+ Bedrooms | 8 | 14 | +75.0% |
Summary: The Geneva Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 36 | +111.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Geneva Township in March 2024, up by 111.8% month-over-month. Of the 36 sold homes, 44% were sold under asking, 14% were sold at asking, and 42% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 22 Days | +13.2% |
Summary: Homes in Geneva Township had an average of 22 days on market in Mar 2024, up by 13.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in Geneva Township; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.