Is Lake Geneva, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Geneva is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Lake Geneva has remained a Seller's Market.

Key Takeaway

Lake Geneva is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$49,083(+13.1%)

Key Takeaway

Homes in Lake Geneva have sold for 13.1% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $126K$155K
+23.0%
2 $291K$265K
-8.9%
3 $340K$443.2K
+30.4%
4 $660K$599K
-9.2%
5+ $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
+80.3%
Lake Geneva
+13.1%
Geneva
+2.7%
Bloomfield
-0.7%
Linn
-10.2%

Housing Supply in Lake Geneva, WI

How many homes are available in Lake Geneva, WI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
149185+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

# BEDSMar 2024Apr 2024CHANGE
1 1113
+18.2%
2 2329
+26.1%
3 6281
+30.6%
4 3946
+17.9%
5+ 1416
+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 2024Apr 2024CHANGE
2239+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Geneva, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Geneva are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Lake Geneva, WI

Nearby Markets to Lake Geneva, WI

What housing markets are near Lake Geneva, WI?