Is Genoa Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Genoa Township, OH
How much do homes in Genoa Township, OH cost?
Median Sold Price
$516,166
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Genoa Township have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Genoa Township was $516,166 in March 2024, up 2.2% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $360K | -4.0% |
| 3 Bedrooms | $430K | $434.5K | +1.1% |
| 4 Bedrooms | $535K | $580K | +8.4% |
| 5+ Bedrooms | $625K | $755K | +20.8% |
Summary: Genoa Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Cities
| Orange Township | $455K | $522.4K | +14.8% |
| Harlem Township | $550K | $595.1K | +8.2% |
| Westerville | $380K | $400K | +5.3% |
| Genoa Township | $505K | $516.1K | +2.2% |
| Westerville City Township | $422.5K | $416K | -1.5% |
Housing Supply in Genoa Township, OH
How many homes are available in Genoa Township, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 | 97 | +29.3% |
Summary: The Genoa Township real estate market had 97 homes for sale in March 2024, a 29.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 21 | 36 | +71.4% |
| 4 Bedrooms | 37 | 44 | +18.9% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Genoa Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 23 | +53.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Genoa Township, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Genoa Township in March 2024, up by 53.3% month-over-month. Of the 23 sold homes, 43% were sold under asking, 13% were sold at asking, and 43% were sold over asking.
Days on Market for Genoa Township, OH
How long does it take to sell a home in Genoa Township, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 12 Days | -18.1% |
Summary: Homes in Genoa Township had an average of 12 days on market in Mar 2024, down by 18.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Genoa Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Genoa Township; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.