Is Geneva, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Geneva was a Seller's Market.
Housing Prices in Geneva, NY
How much do homes in Geneva, NY cost?
Median Sold Price
$187,500
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Geneva was $187,500 in February 2024, up 10.3% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $625K | - | N/A |
2 Bedrooms | $150K | $185.4K | +23.6% |
3 Bedrooms | $165K | $187K | +13.3% |
4 Bedrooms | $180K | $197.7K | +9.9% |
5+ Bedrooms | $176.5K | $168.5K | -4.5% |
Summary: Geneva housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 4.5%.
Housing Supply in Geneva, NY
How many homes are available in Geneva, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
62 | 49 | -21.0% |
Summary: The Geneva real estate market had 49 homes for sale in February 2024, a 21.0% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 31 | 25 | -19.4% |
4 Bedrooms | 17 | 12 | -29.4% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Geneva housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 6 | -62.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Geneva in February 2024, down by 62.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Geneva, NY
How long does it take to sell a home in Geneva, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
28 Days | 29 Days | +4.1% |
Summary: Homes in Geneva had an average of 29 days on market in Feb 2024, up by 4.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in Geneva; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.