Is Genoa City, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Genoa City is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Genoa City, WI

How much do homes in Genoa City, WI cost?

Median Sold Price

$265,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$4,200(-1.6%)

Key Takeaway

Homes in Genoa City have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Genoa City was $265,000 in March 2024, down 1.6% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $78.5K$165K
+110.2%
2 $209.3K$218.9K
+4.6%
3 $273.5K$270K
-1.3%
4 $329K$350K
+6.4%
5+ $385K$841.4K
+118.6%

Summary: Genoa City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 110.2%, 2 bedroom homes increased by 4.6%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 118.6%.

Median Sold Price Compared To Nearby Cities

Randall
+4.6%
Genoa City
-1.6%
Bloomfield
-4.3%

Housing Supply in Genoa City, WI

How many homes are available in Genoa City, WI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3132+3.2%

Summary: The Genoa City real estate market had 32 homes for sale in March 2024, a 3.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 67
+16.7%
3 1313
0.0%
4 89
+12.5%
5+ 21
-50.0%

Summary: The Genoa City 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Genoa City, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Genoa City in March 2024, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Genoa City, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 23 Days Ago

Newest Listings in Genoa City, WI

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