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Geneva, IL Home Sale Prices and Market Update

By
Industry Observer with Swanepoel T3 Group

Geneva, IL is a charming suburb about 40 miles west of Chicago. Incorporated as a city in 1887, Geneva is now an affluent and growing suburb of over 24,000 residents.

Historic Geneva HomeGeneva is well known throughout the region as a lovely historic town. The downtown area offers tree-lined streets with vintage homes, ranging from quaint bungalows to ornate Victorians. The downtown shopping district offers over 200 specialty shops and restaurants in historic storefronts and former elegant homes.

There are many popular subdivisions of newer homes in Geneva including Fisher Farms, Sterling Manor, Mill Creek and golf course community of Eaglebrook.

 

Home Sales Information for Geneva, IL as of October 31, 2010

Geneva has shown great sales performance in 2010. As of October 31, there have been 248 closed sales of single family homes for an average sales price of $338,643 and an average market time of 147 days. This is an increase of 10% over the same period in 2009. There have been 66 closed sales in the past 90 days and there are currently an additional 40 homes under contract. The most expensive property sold so far this year in Geneva was $1,175,000.

There have been 34 closed sales of townhomes in Geneva this year for an average sales price of $231,369 and an average market time of 172 days. 

More home sale information for Geneva from Altos Research: Single Family Homes and Townhomes.

To receive independent market information by email from Altos Research for Geneva and other local towns: Single Family Homes and Townhomes.

 

Featured Geneva Subdivision: Mill Creek

Mill Creek offers a vibrant community of homes, golf courses, parks, shops and restaurants. Mill Creek has over 45% of open space including over 125 acres of preserved wetlands and 195 acres of parks. Mill Creek has two elementary schools in the subdivision while the middle and high schools are just a short distance away. There are over 17 miles of walking and biking trails throughout the subdivision. Homes for sale in Mill Creek.

 

 

Comments(1)

Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Leslie, great market report for Geneva, Il! Very easy to understand. Love the photo of that beautiful home.

Nov 06, 2010 10:28 PM