Is Genoa, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Genoa has remained a Neutral Market.
Key Takeaway
Genoa is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Genoa, NV
How much do homes in Genoa, NV cost?
Median Sold Price
$1,320,000
$424/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Genoa have sold for 4.6% more than they did a month ago.
Summary: The median home sold price in Genoa was $1,320,000 in April 2024, up 4.6% from last month, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.2M | $955K | -20.4% |
| 4 Bedrooms | $1.3M | $1.3M | 0.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Genoa housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 20.4%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes did not change.
Housing Supply in Genoa, NV
How many homes are available in Genoa, NV?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Summary: The Genoa real estate market had 18 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Genoa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 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 Genoa, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Genoa in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Genoa, NV
How long does it take to sell a home in Genoa, NV?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 216 Days | 154 Days | -28.7% |
Summary: Homes in Genoa had an average of 154 days on market in Apr 2024, down by 28.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Genoa are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 3 homes were sold in Genoa; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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