Is Geneva Township, MI 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.
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, MI
How much do homes in Geneva Township, MI cost?
Median Sold Price
$285,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Geneva Township have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Geneva Township was $285,000 in March 2024, up 9.6% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $130K | -23.5% |
| 3 Bedrooms | $151K | $294.5K | +95.0% |
| 4 Bedrooms | $379.9K | $258K | -32.1% |
| 5+ Bedrooms | $440.7K | $1.1M | +172.0% |
Summary: Geneva Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.5%, 3 bedroom homes increased by 95%, 4 bedroom homes decreased by 32.1%, and 5+ bedroom homes increased by 172%.
Median Sold Price Compared To Nearby Cities
| South Haven Charter Township | $350K | $407.5K | +16.4% |
| Geneva Township | $260K | $285K | +9.6% |
| Casco Township | $395K | $410K | +3.8% |
Housing Supply in Geneva Township, MI
How many homes are available in Geneva Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Geneva Township real estate market had 8 homes for sale in March 2024, a 14.3% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 decreased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Geneva Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Geneva Township in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Geneva Township, MI
How long does it take to sell a home in Geneva Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 64 Days | +326.7% |
Summary: Homes in Geneva Township had an average of 64 days on market in Mar 2024, up by 326.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Geneva Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Geneva Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
