Is Geneva, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $114.5K | $135.9K | +18.7% |
| 3 Bedrooms | $139.4K | $156K | +11.9% |
| 4 Bedrooms | $140K | $165K | +17.9% |
| 5+ Bedrooms | $275K | $160K | -41.8% |
Median Sold Price Compared To Nearby Cities
| Fayette | $200.5K | $243K | +21.2% |
| Geneva | $140K | $159.4K | +13.9% |
How many homes are available in Geneva, NY?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 26 | 22 | -15.4% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
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 2022 | Jan 2023 | % |
|---|---|---|
| 31 Days | 19 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
Key Takeaway
Many homes in Geneva are selling fast, if you're buying plan to act quickly.
