Is Geneva Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Geneva Township has remained a Seller's Market.
Housing Prices in Geneva Township, IL
How much do homes in Geneva Township, IL cost?
Median Sold Price
$455,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Geneva Township was $455,000 in May 2024, up 9.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $263.2K | $168.7K | -35.9% |
2 Bedrooms | $278K | $325K | +16.9% |
3 Bedrooms | $365K | $405K | +11.0% |
4 Bedrooms | $520K | $525K | +1.0% |
5+ Bedrooms | $599.9K | $630K | +5.0% |
Summary: Geneva Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.9%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
Geneva Township | $414.4K | $455K | +9.8% |
Geneva | $414.9K | $455K | +9.7% |
Batavia Township | $375.1K | $404.7K | +7.9% |
Batavia | $380K | $408.8K | +7.6% |
Saint Charles | $377.1K | $393.6K | +4.4% |
Housing Supply in Geneva Township, IL
How many homes are available in Geneva Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
117 | 152 | +29.9% |
Summary: The Geneva Township real estate market had 152 homes for sale in May 2024, a 29.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 24 | +26.3% |
3 Bedrooms | 47 | 52 | +10.6% |
4 Bedrooms | 40 | 56 | +40.0% |
5+ Bedrooms | 11 | 20 | +81.8% |
Summary: The Geneva Township 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 increased by 26.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 81.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 48 | +26.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Geneva Township in May 2024, up by 26.3% month-over-month. Of the 48 sold homes, 27% were sold under asking, 19% were sold at asking, and 54% were sold over asking.
Days on Market for Geneva Township, IL
How long does it take to sell a home in Geneva Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 13 Days | +25.5% |
Summary: Homes in Geneva Township had an average of 13 days on market in May 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 48 homes were sold in Geneva Township; 92% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.