Is Geneva Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Geneva Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

+$13,000(+7.9%)

Key Takeaway

Homes in Geneva Township have sold for 7.9% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $75.5K$98.5K
+30.5%
2 $127.7K$140K
+9.6%
3 $170K$195K
+14.7%
4 $180K$272.4K
+51.4%
5+ $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
+8.2%
Geneva Township
+7.9%
Geneva-on-the-Lake
+7.6%
Madison Township
+4.3%

Housing Supply in Geneva Township, OH

How many homes are available in Geneva Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
32320.0%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 1415
+7.1%
4 88
0.0%
5+ 23
+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 2024Feb 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Geneva Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
42 Days110 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Geneva Township are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Geneva Township, OH

Nearby Markets to Geneva Township, OH

What housing markets are near Geneva Township, OH?