Is Geneva, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Geneva was a Buyer's Market.
Key Takeaway
Geneva is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Geneva, OH
How much do homes in Geneva, OH cost?
Median Sold Price
$195,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Geneva have sold for 20.7% more than they did a year ago.
Summary: The median home sold price in Geneva was $195,000 in May 2024, up 20.7% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75.5K | $70K | -7.3% |
| 2 Bedrooms | $126K | $175K | +38.9% |
| 3 Bedrooms | $171K | $205K | +19.9% |
| 4 Bedrooms | $229.9K | $280K | +21.8% |
| 5+ Bedrooms | $212.5K | $195.5K | -8.0% |
Summary: Geneva housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes increased by 38.9%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Cities
| Geneva | $161.5K | $195K | +20.7% |
| Geneva Township | $163K | $195K | +19.6% |
| Harpersfield Township | $239K | $230.5K | -3.6% |
Housing Supply in Geneva, OH
How many homes are available in Geneva, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 36 | -23.4% |
Summary: The Geneva real estate market had 36 homes for sale in May 2024, a 23.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 27 | 22 | -18.5% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Geneva housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Geneva, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Geneva in May 2024, down by 8.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for Geneva, OH
How long does it take to sell a home in Geneva, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 52 Days | +33.9% |
Summary: Homes in Geneva had an average of 52 days on market in May 2024, up by 33.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Geneva has remained consistent over time.
Summary: During May 2024, 11 homes were sold in Geneva; 27% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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