Is Genesee, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Genesee has remained a Seller's Market.
Key Takeaway
Genesee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Genesee, MI cost?
Median Sold Price
$112,950
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
-$22,050(-16.3%)
Key Takeaway
Homes in Genesee have sold for 16.3% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130K | $112.9K | -13.1% |
| 3 Bedrooms | $137.5K | $123.4K | -10.3% |
| 4 Bedrooms | $162K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Median Sold Price Compared To Nearby Cities
| Genesee Charter Township | $150K | $140K | -6.7% |
| Genesee | $135K | $112.9K | -16.3% |
How many homes are available in Genesee, MI?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 1 | 2 | +100.0% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Genesee, you could pay more than the asking price. 100% of homes here sold above asking price last month.
