Is Genesee County, NY 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, 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.
Housing Prices in Genesee County, NY
How much do homes in Genesee County, NY cost?
Median Sold Price
$178,550
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Genesee County have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Genesee County was $178,550 in March 2024, up 1.8% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.5K | $130K | +28.1% |
| 2 Bedrooms | $145K | $136.7K | -5.7% |
| 3 Bedrooms | $175K | $189.7K | +8.4% |
| 4 Bedrooms | $195K | $170K | -12.8% |
| 5+ Bedrooms | $232.5K | $182.6K | -21.5% |
Summary: Genesee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 21.5%.
Median Sold Price Compared To Nearby Counties
| Wyoming County | $150.6K | $165K | +9.5% |
| Monroe County | $212.1K | $230.2K | +8.5% |
| Livingston County | $191.5K | $205K | +7.0% |
| Genesee County | $175.3K | $178.5K | +1.8% |
| Orleans County | $157.6K | $159K | +0.9% |
Housing Supply in Genesee County, NY
How many homes are available in Genesee County, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 115 | 92 | -20.0% |
Summary: The Genesee County real estate market had 92 homes for sale in March 2024, a 20.0% decrease 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 | 22 | 12 | -45.5% |
| 3 Bedrooms | 53 | 48 | -9.4% |
| 4 Bedrooms | 28 | 24 | -14.3% |
| 5+ Bedrooms | 12 | 8 | -33.3% |
Summary: The Genesee County 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 45.5%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 27 | -20.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Genesee County, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Genesee County in March 2024, down by 20.6% month-over-month. Of the 27 sold homes, 37% were sold under asking, 4% were sold at asking, and 59% were sold over asking.
Days on Market for Genesee County, NY
How long does it take to sell a home in Genesee County, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 16 Days | -55.1% |
Summary: Homes in Genesee County had an average of 16 days on market in Mar 2024, down by 55.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Genesee County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in Genesee County; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
