Is Geneva Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Geneva Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Geneva Township has remained a Seller's Market.

Key Takeaway

Geneva Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Geneva Township, IN

How much do homes in Geneva Township, IN cost?

Median Sold Price

$205,000

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$40,100(+24.3%)

Key Takeaway

Homes in Geneva Township have sold for 24.3% more than they did a year ago.

Summary: The median home sold price in Geneva Township was $205,000 in April 2024, up 24.3% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $95K-
N/A
3 $184K$205K
+11.4%
4 $238.5K$205K
-14.0%
5+ $220K$870K
+295.5%

Summary: Geneva Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes increased by 295.5%.

Median Sold Price Compared To Nearby Cities

Geneva Township
+24.3%
Center Township
+6.7%

Housing Supply in Geneva Township, IN

How many homes are available in Geneva Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1012+20.0%

Summary: The Geneva Township real estate market had 12 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 89
+12.5%
4 23
+50.0%
5+ 00
0.0%

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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Geneva Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Geneva Township in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Geneva Township, IN

How long does it take to sell a home in Geneva Township, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
82 Days24 Days-70.4%

Summary: Homes in Geneva Township had an average of 24 days on market in Apr 2024, down by 70.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Geneva Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in Geneva Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Geneva Township, IN

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