Is Geneseo, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Geneseo is a seller's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

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

How much do homes in Geneseo, NY cost?

Median Sold Price

$275,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$48,800(+21.6%)

Key Takeaway

Homes in Geneseo have sold for 21.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $125K$198K
+58.4%
3 $205K$231.4K
+12.9%
4 $231K$281K
+21.6%
5+ $330K$362.5K
+9.8%

How many homes are available in Geneseo, NY?

Number of Homes For Sale

Nov 2022Dec 2022%
76-14.3%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 11
0.0%
2 11
0.0%
3 33
0.0%
4 21
-50.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
02+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Geneseo, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Dec 2021Dec 2022%
9 Days4 Days-55.6%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Geneseo 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 Geneseo, NY

There are 6 homes are for sale in Geneseo, NY real estate market. In December 2022 in Geneseo, NY there were 14.3% less homes for sale than in November 2022. The median list price of listings available in December 2022 was $275,000, while the average time on the real estate market was 4 days. This housing market listing prices have changed between November 2022 and December 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 58.4%, 3 bedrooms properties prices increased by 12.9%, 4 bedrooms properties became 21.6% more expensive, 5 bedrooms properties prices increased by 9.8%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes have not changed, number of 4 bedrooms homes decreased by 50%, the quantity of 5 bedrooms homes have not changed. Geneseo, NY housing market in December 2022 saw over 2 listings sold above listed price, more than 0 sold at listed price and over 0 sold below.