Is Genoa Township, 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, Genoa Township has remained a Seller's Market.
Housing Prices in Genoa Township, MI
How much do homes in Genoa Township, MI cost?
Median Sold Price
$401,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Genoa Township was $401,000 in April 2024, up 11.4% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $145K | N/A |
2 Bedrooms | $230K | $253.7K | +10.3% |
3 Bedrooms | $335K | $357.8K | +6.8% |
4 Bedrooms | $501K | $520K | +3.8% |
5+ Bedrooms | $550K | $968K | +76.0% |
Summary: Genoa Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 76%.
Median Sold Price Compared To Nearby Cities
Brighton | $367.7K | $411K | +11.8% |
Genoa Township | $360K | $401K | +11.4% |
Brighton Township | $391.1K | $415K | +6.1% |
Hamburg Township | $385K | $406K | +5.5% |
Oceola Township | $380.2K | $390.2K | +2.6% |
Housing Supply in Genoa Township, MI
How many homes are available in Genoa Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 64 | +23.1% |
Summary: The Genoa Township real estate market had 64 homes for sale in April 2024, a 23.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 20 | 26 | +30.0% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Genoa Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 23 | +64.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Genoa Township in April 2024, up by 64.3% month-over-month. Of the 23 sold homes, 43% were sold under asking, 30% were sold at asking, and 26% were sold over asking.
Days on Market for Genoa Township, MI
How long does it take to sell a home in Genoa Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
117 Days | 9 Days | -92.2% |
Summary: Homes in Genoa Township had an average of 9 days on market in Apr 2024, down by 92.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Genoa Township; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.