Altos Market Data for Realtors

Geneva, IL

Single-Family Homes

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Geneva, IL

Tue Sep 21 2021
This week the median list price for Geneva, IL is $549,000 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has decreased to 41. Click here to stay informed with the Geneva market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Geneva, IL

Tue Sep 21 2021
This week the median list price for Geneva, IL is $549,000 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has decreased to 41. Click here to stay informed with the Geneva market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Geneva market.
Median List Price $549,000
Median Price of New Listings $429,900
Per Square Foot $202
Average Days on Market 90
Median Days on Market 70
Price Decreased 39%
Price Increased 7%
Relisted 39%
Inventory 41
Median Rent
Market Action 49
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$910,400 2,590 0.25 - 0.5 acre 4 2 2 0 3 84
$612,500 2,844 0.25 - 0.5 acre 4 3 23 2 1 80
$480,000 2,998 0.25 - 0.5 acre 4 3 29 4 1 56
$299,000 1,404 6,500 - 8,000 sqft 3 2 81 5 4 35