Is Geneva Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Geneva Township has remained a Seller's Market.
Housing Prices in Geneva Township, OH
How much do homes in Geneva Township, OH cost?
Median Sold Price
$177,500
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Geneva Township was $177,500 in February 2024, up 7.9% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75.5K | $98.5K | +30.5% |
2 Bedrooms | $127.7K | $140K | +9.6% |
3 Bedrooms | $170K | $195K | +14.7% |
4 Bedrooms | $180K | $272.4K | +51.4% |
5+ Bedrooms | $228.7K | $189K | -17.4% |
Summary: Geneva Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.5%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 51.4%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Cities
Geneva | $164K | $177.5K | +8.2% |
Geneva Township | $164.5K | $177.5K | +7.9% |
Geneva-on-the-Lake | $158K | $170K | +7.6% |
Madison Township | $192.5K | $200.7K | +4.3% |
Housing Supply in Geneva Township, OH
How many homes are available in Geneva Township, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
32 | 32 | 0.0% |
Summary: The Geneva Township real estate market had 32 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Geneva Township 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 25%, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Geneva Township in February 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Geneva Township, OH
How long does it take to sell a home in Geneva Township, OH?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 110 Days | +156.7% |
Summary: Homes in Geneva Township had an average of 110 days on market in Feb 2024, up by 156.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in Geneva Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.