Is Genesee County, NY 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, Genesee County has remained a Seller's Market.
Key Takeaway
Genesee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Genesee County, NY
How much do homes in Genesee County, NY cost?
Median Sold Price
$180,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Genesee County have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Genesee County was $180,000 in April 2024, up 2.9% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123K | $92.5K | -24.8% |
| 2 Bedrooms | $143.5K | $150K | +4.5% |
| 3 Bedrooms | $175K | $191K | +9.1% |
| 4 Bedrooms | $195K | $172K | -11.8% |
| 5+ Bedrooms | $236.2K | $182.6K | -22.7% |
Summary: Genesee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.8%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 22.7%.
Median Sold Price Compared To Nearby Counties
| Wyoming County | $150K | $165K | +10.0% |
| Monroe County | $212.1K | $232.3K | +9.6% |
| Livingston County | $191.5K | $207.8K | +8.5% |
| Genesee County | $175K | $180K | +2.9% |
| Orleans County | $159K | $159.8K | 0.5% |
Housing Supply in Genesee County, NY
How many homes are available in Genesee County, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 107 | 87 | -18.7% |
Summary: The Genesee County real estate market had 87 homes for sale in April 2024, a 18.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 52 | 37 | -28.8% |
| 4 Bedrooms | 30 | 24 | -20.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Genesee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 28.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Genesee County, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Genesee County in April 2024, down by 15.6% month-over-month. Of the 27 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Genesee County, NY
How long does it take to sell a home in Genesee County, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 31 Days | -3.5% |
Summary: Homes in Genesee County had an average of 31 days on market in Apr 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Genesee County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Genesee County; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
