Search homes for sale in Geneva, known for its scenic location along the Fox River and numerous shops & restaurants.
The Geneva housing market demonstrates a moderate level of competitiveness, with homes typically receiving an average of two offers and selling in approximately 43 days. Last month, the median sale price in Geneva rose significantly to $575,000, marking an impressive 38.1% increase compared to the previous year. Additionally, the median price per square foot climbed to $219, reflecting a 9.5% year-over-year growth. These trends suggest strong buyer interest and rising property values, likely driven by limited inventory or increased demand for the area’s amenities and lifestyle offerings. For both buyers and sellers, understanding these dynamics is essential to navigating the market effectively.
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Sale Price per Sq. Ft.
# of Homes Sold
Median Days on Market
In December 2024, Geneva's housing market saw a significant price increase, with home prices rising 38.1% compared to the previous year, reaching a median sale price of $575,000. Homes sold slightly faster on average, taking 43 days on the market compared to 46 days last year. However, the number of homes sold decreased, with only 15 properties sold this December compared to 22 in the same month last year. This combination of rising prices, quicker sales, and reduced transaction volume suggests a tighter market, likely driven by lower inventory or selective buyer activity.
Geneva maintains a somewhat competitive real estate market, with homes typically selling in about 56 days. While most homes sell for around the list price and go pending within this timeframe, certain "hot" properties attract more attention, selling for approximately 1% above the list price and going pending in as little as 39 days. This indicates that while the overall market pace is moderate, well-priced or highly desirable homes can generate quick interest and even multiple offers.
In December 2024, Geneva, IL, was a seller's market, characterized by a higher number of buyers than available homes for sale. This imbalance likely contributed to the competitive nature of the market, with increased demand driving up home prices and leading to faster sales for desirable properties. For sellers, this creates an advantageous environment to secure strong offers, while buyers may face challenges in finding and competing for limited inventory.
Whether you're ready to buy or simply exploring your options, our team is here to guide you every step of the way. Geneva, IL, offers a vibrant community, charming homes, and an exceptional lifestyle—let us help you find the perfect property to match your needs. Have questions about the area, the market, or available listings? Don’t hesitate to reach out. We’re just a call or message away and eager to help you turn your vision into reality!
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Primary phone
(630) 667-7562Secondary phone
(630) 283-2089Website
http://lorijohanneson.comLicense Number
#475131610Address
1003 South Washington Street, Suite 137,Lori Johanneson is a top-performing Naperville Realtor with a strong emphasis on client care.
In today's modern Real Estate market, having an experienced and highly knowledgeable Real Estate professional by your side is more important than ever. With over 20 years of experience, Lori's unmatched dedication to helping her clients get what they want is precisely what sets her apart from the competition. Listening carefully to her client's needs to help them meet their goals is Lori's top priority. Meanwhile, professionalism, intimate market knowledge, and tactical negotiating skills allow her to provide her clients with renowned exceptional service.
Continuous communication, weekly market updates, and a five-star experience are just a few of the things Lori's clients can expect to receive after choosing to work with her. Lori is proudly committed to making each transaction rewarding, both personally and professionally.
Lori is an accomplished athlete and published MBA graduate with articles/coursework in the areas of small business entry strategy, cultural improvement, activity-based costing, and e-business analysis.
Our unmatched dedication to helping our clients get what they want is precisely what sets us apart from the competition. Connect with us today to learn how we can help you maximize your home sale.
