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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Geneva is a seller's market

Buyer's
Market

Difference Since January 2022

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

Key Takeaway

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

How much do homes in Geneva, NY cost?

Median Sold Price

$159,450

$94/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$19,450(+13.9%)

Key Takeaway

Homes in Geneva have sold for 13.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $114.5K$135.9K
+18.7%
3 $139.4K$156K
+11.9%
4 $140K$165K
+17.9%
5+ $275K$160K
-41.8%

Median Sold Price Compared To Nearby Cities

Fayette
+21.2%
Geneva
+13.9%

How many homes are available in Geneva, NY?

Number of Homes For Sale

Dec 2022Jan 2023%
2622-15.4%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 22
0.0%
3 1312
-7.7%
4 75
-28.6%
5+ 43
-25.0%

Number of Homes Sold

Dec 2022Jan 2023%
770.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Geneva, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Average Sale Time

Jan 2022Jan 2023%
31 Days19 Days-37.1%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Geneva 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 Geneva, NY

Geneva, NY has 22 homes on the market. The inventory of homes for sale in Geneva, NY between December 2022 and January 2023 decreased by 15.4%. While the average time on the market in January 2023 was 19 days, the median list price was $159,450. From December 2022 through January 2023, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 18.7%, 3 bedrooms properties became 11.9% more expensive, the cost of 4 bedrooms properties went up by 17.9%, the cost of 5 bedrooms properties went down by 41.8%. This housing market inventory have changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes went down by 7.7%, number of 4 bedrooms homes decreased by 28.6%, 5 bedrooms homes became 25% less available. In January 2023 more than 4 listings in Geneva, NY were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 2 were sold below.