Is Lake Geneva, WI 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, Lake Geneva has remained a Seller's Market.
Housing Prices in Lake Geneva, WI
How much do homes in Lake Geneva, WI cost?
Median Sold Price
$424,833
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Geneva was $424,833 in April 2024, up 13.1% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126K | $155K | +23.0% |
2 Bedrooms | $291K | $265K | -8.9% |
3 Bedrooms | $340K | $443.2K | +30.4% |
4 Bedrooms | $660K | $599K | -9.2% |
5+ Bedrooms | $1.4M | $985K | -29.6% |
Summary: Lake Geneva housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes increased by 30.4%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 29.6%.
Median Sold Price Compared To Nearby Cities
Lyons | $249K | $449K | +80.3% |
Lake Geneva | $375.7K | $424.8K | +13.1% |
Geneva | $370K | $380K | +2.7% |
Bloomfield | $280K | $278K | -0.7% |
Linn | $780K | $700.5K | -10.2% |
Housing Supply in Lake Geneva, WI
How many homes are available in Lake Geneva, WI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
149 | 185 | +24.2% |
Summary: The Lake Geneva real estate market had 185 homes for sale in April 2024, a 24.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 23 | 29 | +26.1% |
3 Bedrooms | 62 | 81 | +30.6% |
4 Bedrooms | 39 | 46 | +17.9% |
5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Lake Geneva housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 26.1%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 39 | +77.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Lake Geneva in April 2024, up by 77.3% month-over-month. Of the 39 sold homes, 49% were sold under asking, 28% were sold at asking, and 23% were sold over asking.
Days on Market for Lake Geneva, WI
How long does it take to sell a home in Lake Geneva, WI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in Lake Geneva; 5% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.