Altos Market Data for Realtors

Genoa, IL

Single-Family Homes

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Genoa, IL

Tue Sep 21 2021
This week the median list price for Genoa, IL is $178,700 with the market action index hovering around 61. This is less than last month's market action index of 67. Inventory has decreased to 6. Click here to stay informed with the Genoa 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. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Genoa, IL

Tue Sep 21 2021
This week the median list price for Genoa, IL is $178,700 with the market action index hovering around 61. This is less than last month's market action index of 67. Inventory has decreased to 6. Click here to stay informed with the Genoa 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. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Genoa market.
Median List Price $178,700
Median Price of New Listings $0
Per Square Foot $131
Average Days on Market 58
Median Days on Market 56
Price Decreased 50%
Price Increased 0%
Relisted 17%
Inventory 6
Median Rent
Market Action 61
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

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
$484,900 3,084 5 - 10 acres 4 4 45 0 0 112
$337,333 1,600 8,000 - 10,000 sqft 3 2 0 0 1 56
$178,700 1,378 6,500 - 8,000 sqft 3 1 63 0 1 38
$124,750 1,537 6,500 - 8,000 sqft 3 1 152 0 1 52