Is Genoa Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Genoa Township has remained a Seller's Market.
Housing Prices in Genoa Township, MI
How much do homes in Genoa Township, MI cost?
Median Sold Price
$401,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Genoa Township was $401,000 in June 2024, up 11.4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $247.5K | $145K | -41.4% |
2 Bedrooms | $240.5K | $255K | +6.0% |
3 Bedrooms | $335K | $364.5K | +8.8% |
4 Bedrooms | $518.5K | $532.5K | +2.7% |
5+ Bedrooms | $556.5K | $849.9K | +52.7% |
Summary: Genoa Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 52.7%.
Median Sold Price Compared To Nearby Cities
Genoa Township | $360K | $401K | +11.4% |
Hamburg Township | $382.6K | $415K | +8.4% |
Oceola Township | $375.5K | $391.2K | +4.2% |
Brighton | $400K | $415K | +3.8% |
Brighton Township | $402.5K | $417.4K | +3.7% |
Housing Supply in Genoa Township, MI
How many homes are available in Genoa Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
69 | 73 | +5.8% |
Summary: The Genoa Township real estate market had 73 homes for sale in June 2024, a 5.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 15 | -11.8% |
3 Bedrooms | 25 | 25 | 0.0% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Genoa Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Genoa Township in June 2024, up by 43.8% month-over-month. Of the 23 sold homes, 30% were sold under asking, 22% were sold at asking, and 48% were sold over asking.
Days on Market for Genoa Township, MI
How long does it take to sell a home in Genoa Township, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
28 Days | 15 Days | -45.2% |
Summary: Homes in Genoa Township had an average of 15 days on market in Jun 2024, down by 45.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 23 homes were sold in Genoa Township; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.