Is Genoa, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Genoa is a neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Genoa was a Seller's Market.

Key Takeaway

Genoa is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Genoa, OH cost?

Median Sold Price

$150,000

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$16,667(+12.5%)

Key Takeaway

Homes in Genoa have sold for 12.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$95.5K
N/A
2 $115K$125.2K
+8.9%
3 $132.7K$161K
+21.2%
4 $226.5K$205K
-9.5%
5+ -$165K
N/A

Median Sold Price Compared To Nearby Cities

Clay Township
+14.6%
Genoa
+12.5%

How many homes are available in Genoa, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
76-14.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 10
-100.0%
3 22
0.0%
4 33
0.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Genoa, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
57 Days82 Days+42.6%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Genoa has remained consistent over time.

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

About Genoa, OH

Homes for sale in Genoa, OH have reached 6. The number of homes for sale in Genoa, OH decreased by 14.3% between September 2022 and October 2022. While the average time on the market in October 2022 was 82 days, the median list price was $150,000. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 8.9% more expensive, 3 bedrooms properties prices increased by 21.2%, 4 bedrooms properties prices decreased by 9.5%, prices of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 100%, number of 3 bedrooms homes remained the same, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes have not changed. In October 2022 more than 0 listings in Genoa, OH were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.