Is Genesee County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Genesee County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Genesee County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Genesee County, MI cost?

Median Sold Price

$189,976

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$14,990(+8.6%)

Key Takeaway

Homes in Genesee County have sold for 8.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $46.4K$96.4K
+107.9%
2 $109K$120K
+10.1%
3 $167.8K$183.7K
+9.4%
4 $247.7K$266.2K
+7.5%
5+ $310K$340K
+9.7%

Median Sold Price Compared To Nearby Counties

Shiawassee County
+11.2%
Genesee County
+8.6%
Lapeer County
+8.6%
Livingston County
+8.3%
Saginaw County
+7.2%

How many homes are available in Genesee County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
1,4921,659+11.2%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 813
+62.5%
2 272301
+10.7%
3 758837
+10.4%
4 362405
+11.9%
5+ 92103
+12.0%

Number of Homes Sold

Jul 2022Aug 2022%
329393+19.5%

Asking Price vs. Sold Price

176 Homes Were Sold
Under Asking

68 Homes Were Sold
At Asking

148 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Genesee County, you may be able to get a good deal. 44.9% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
18 Days23 Days+24.2%

Breakdown of Home Sale Times

290 Homes Were Sold
Under 30 Days

87 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Genesee County, MI

Homes for sale in Genesee County, MI have reached 1,659. The number of listings in Genesee County, MI increased by 11.2% between July 2022 and August 2022. The median list price of listings available in August 2022 was $189,976, while the average time on the real estate market was 23 days. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties went up by 107.9%, 2 bedrooms properties became 10.1% more expensive, prices of 3 bedrooms properties increased by 9.4%, 4 bedrooms properties prices increased by 7.5%, prices of 5 bedrooms properties increased by 9.7%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory increased by 62.5%, the quantity of 2 bedrooms homes went up by 10.7%, volume of 3 bedrooms homes went up by 10.4%, 4 bedrooms homes became 11.9% more available, 5 bedrooms homes inventory increased by 12%. Over 148 listings were sold over their listed price in August 2022 in Genesee County, MI. In the same period over 176 listings were sold below the listed price and 68 listings were sold for the listed price.

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