Is Genesee County, NY 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.
Housing Prices in Genesee County, NY
How much do homes in Genesee County, NY cost?
Median Sold Price
$180,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Genesee County was $180,000 in April 2024, up 2.9% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123K | $92.5K | -24.8% |
2 Bedrooms | $143.5K | $150K | +4.5% |
3 Bedrooms | $175K | $191K | +9.1% |
4 Bedrooms | $195K | $172K | -11.8% |
5+ Bedrooms | $236.2K | $182.6K | -22.7% |
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 24.8%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 22.7%.
Median Sold Price Compared To Nearby Counties
Wyoming County | $150K | $165K | +10.0% |
Monroe County | $212.1K | $232.3K | +9.6% |
Livingston County | $191.5K | $207.8K | +8.5% |
Genesee County | $175K | $180K | +2.9% |
Orleans County | $159K | $159.8K | 0.5% |
Housing Supply in Genesee County, NY
How many homes are available in Genesee County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 87 | -18.7% |
Summary: The Genesee County real estate market had 87 homes for sale in April 2024, a 18.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 52 | 37 | -28.8% |
4 Bedrooms | 30 | 24 | -20.0% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Genesee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 28.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 27 | -15.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Genesee County in April 2024, down by 15.6% month-over-month. Of the 27 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Genesee County, NY
How long does it take to sell a home in Genesee County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 31 Days | -3.5% |
Summary: Homes in Genesee County had an average of 31 days on market in Apr 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Genesee County; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.