Altos Market Data for Realtors

Geneva, IL

Single-Family Homes

Schedule a demo today at AltosResearch.com


Geneva, IL

Tue May 30 2023
This week the median list price for Geneva, IL is $472,450 with the market action index hovering around 69. This is less than last month's market action index of 73. Inventory has increased to 22. 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 off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Geneva, IL

Tue May 30 2023
This week the median list price for Geneva, IL is $472,450 with the market action index hovering around 69. This is less than last month's market action index of 73. Inventory has increased to 22. 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 off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Geneva market.
Median List Price $472,450
Median Price of New Listings $465,900
Per Square Foot $244
Average Days on Market 69
Median Days on Market 28
Price Decreased 59%
Price Increased 0%
Relisted 32%
Inventory 22
Median Rent
Market Action 69
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,399,000 4,261 0.5 - 1 acre 5 3.5 85 1 1 28
$549,000 2,581 1 - 2.5 acres 4 3 53 1 0 21
$462,900 2,601 0.25 - 0.5 acre 4 2.5 42 4 1 17
$377,400 2,016 0.25 - 0.5 acre 3 2.3 35 1 4 31