Is Genesee County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Genesee County has remained a Seller's Market.
Key Takeaway
Genesee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Genesee County, MI
How much do homes in Genesee County, MI cost?
Median Sold Price
$196,913
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Genesee County have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Genesee County was $196,913 in April 2024, up 3.9% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57.5K | $37.5K | -34.8% |
| 2 Bedrooms | $124.9K | $121.2K | -3.0% |
| 3 Bedrooms | $181.9K | $189.9K | +4.4% |
| 4 Bedrooms | $265.2K | $275.3K | +3.8% |
| 5+ Bedrooms | $320K | $322.5K | +0.8% |
Summary: Genesee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.8%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Counties
| Saginaw County | $143.4K | $159.2K | +11.0% |
| Lapeer County | $254.8K | $269.9K | +5.9% |
| Livingston County | $348.9K | $364.8K | +4.5% |
| Genesee County | $189.5K | $196.9K | +3.9% |
| Shiawassee County | $175K | $177.1K | +1.2% |
Housing Supply in Genesee County, MI
How many homes are available in Genesee County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,329 | 1,472 | +10.8% |
Summary: The Genesee County real estate market had 1,472 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 7 | -30.0% |
| 2 Bedrooms | 283 | 309 | +9.2% |
| 3 Bedrooms | 689 | 742 | +7.7% |
| 4 Bedrooms | 272 | 326 | +19.9% |
| 5+ Bedrooms | 75 | 88 | +17.3% |
Summary: The Genesee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 17.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 347 | 387 | +11.5% |
Asking Price vs. Sold Price
162 Homes Were Sold
Under Asking
75 Homes Were Sold
At Asking
150 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Genesee County, you may be able to get a good deal. 41.9% of homes here sold below asking price last month.
Summary: A total of 387 homes were sold or pending in Genesee County in April 2024, up by 11.5% month-over-month. Of the 387 sold homes, 42% were sold under asking, 19% were sold at asking, and 39% were sold over asking.
Days on Market for Genesee County, MI
How long does it take to sell a home in Genesee County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 32 Days | -47.2% |
Summary: Homes in Genesee County had an average of 32 days on market in Apr 2024, down by 47.2% compared to last year.
Breakdown of Home Sale Times
273 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
45 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Genesee County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 387 homes were sold in Genesee County; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.