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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Genoa Township is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Genoa Township, OH cost?

Median Sold Price

$499,750

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$38,175(+8.3%)

Key Takeaway

Homes in Genoa Township have sold for 8.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $120K-
N/A
2 $360K$341.2K
-5.2%
3 $365K$415K
+13.7%
4 $475K$528.8K
+11.3%
5+ $610.3K$675K
+10.6%

Median Sold Price Compared To Nearby Cities

Lewis Center
+10.0%
Westerville City Township
+9.0%
Orange Township
+8.4%
Genoa Township
+8.3%
Westerville
+7.7%

How many homes are available in Genoa Township, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
8973-18.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 96
-33.3%
3 2321
-8.7%
4 5440
-25.9%
5+ 36
+100.0%

Number of Homes Sold

Sep 2022Oct 2022%
4227-35.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Genoa Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
13 Days10 Days-26.4%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Genoa Township are selling fast, if you're buying plan to act quickly.

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

About Genoa Township, OH

Genoa Township, OH has 73 homes on the market. The number of homes for sale in Genoa Township, OH decreased by 18% between September 2022 and October 2022. While the average time on the market in October 2022 was 10 days, the median list price was $499,750. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 5.2%, prices of 3 bedrooms properties went up by 13.7%, prices of 4 bedrooms properties increased by 11.3%, the cost of 5 bedrooms properties went up by 10.6%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes decreased by 33.3%, 3 bedrooms homes inventory decreased by 8.7%, the quantity of 4 bedrooms homes went down by 25.9%, 5 bedrooms homes became 100% more available. While more than 15 listings in Genoa Township, OH in October 2022 were sold above asking price, there were more than 5 listings sold at asking price, and more than 7 were sold below.

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