Is Genoa Township, OH 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, OH
How much do homes in Genoa Township, OH cost?
Median Sold Price
$520,000
$190/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 $520,000 in April 2024, up 4% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $352.9K | $363.7K | +3.1% |
3 Bedrooms | $430K | $434.1K | +1.0% |
4 Bedrooms | $537.5K | $587.5K | +9.3% |
5+ Bedrooms | $625K | $750K | +20.0% |
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 3.1%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Cities
Orange Township | $456.9K | $519.9K | +13.8% |
Westerville | $376.8K | $400.7K | +6.3% |
Genoa Township | $500K | $520K | +4.0% |
Westerville City Township | $425K | $418K | -1.6% |
Housing Supply in Genoa Township, OH
How many homes are available in Genoa Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 104 | +4.0% |
Summary: The Genoa Township real estate market had 104 homes for sale in April 2024, a 4.0% 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 | 5 | 4 | -20.0% |
3 Bedrooms | 37 | 35 | -5.4% |
4 Bedrooms | 46 | 51 | +10.9% |
5+ Bedrooms | 12 | 14 | +16.7% |
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 decreased by 20%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 34 | +36.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Genoa Township in April 2024, up by 36.0% month-over-month. Of the 34 sold homes, 12% were sold under asking, 12% were sold at asking, and 76% were sold over asking.
Days on Market for Genoa Township, OH
How long does it take to sell a home in Genoa Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 15 Days | -9.0% |
Summary: Homes in Genoa Township had an average of 15 days on market in Apr 2024, down by 9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Genoa Township; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.