Is Genesee County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Genesee County has remained a Seller's Market.
Housing Prices in Genesee County, MI
How much do homes in Genesee County, MI cost?
Median Sold Price
$195,030
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Genesee County was $195,030 in February 2024, up 2.8% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.7K | $43K | -34.6% |
2 Bedrooms | $124.9K | $120.2K | -3.8% |
3 Bedrooms | $180.1K | $188.4K | +4.6% |
4 Bedrooms | $270.1K | $270.3K | 0.1% |
5+ Bedrooms | $335K | $323.5K | -3.4% |
Summary: Genesee County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.6%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Counties
Saginaw County | $140.1K | $151.6K | +8.2% |
Livingston County | $343K | $364.9K | +6.4% |
Lapeer County | $251.5K | $265K | +5.3% |
Genesee County | $189.7K | $195K | +2.8% |
Shiawassee County | $173.4K | $175.8K | +1.4% |
Housing Supply in Genesee County, MI
How many homes are available in Genesee County, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,271 | 1,239 | -2.5% |
Summary: The Genesee County real estate market had 1,239 homes for sale in February 2024, a 2.5% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 276 | 262 | -5.1% |
3 Bedrooms | 670 | 666 | -0.6% |
4 Bedrooms | 244 | 238 | -2.5% |
5+ Bedrooms | 72 | 65 | -9.7% |
Summary: The Genesee County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 9.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
329 | 273 | -17.0% |
Asking Price vs. Sold Price
136 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
79 Homes Were Sold
Over Asking
Summary: A total of 273 homes were sold or pending in Genesee County in February 2024, down by 17.0% month-over-month. Of the 273 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for Genesee County, MI
How long does it take to sell a home in Genesee County, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
64 Days | 41 Days | -34.8% |
Summary: Homes in Genesee County had an average of 41 days on market in Feb 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
142 Homes Were Sold
Under 30 Days
103 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During February 2024, 273 homes were sold in Genesee County; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.