Geneva IL Real Estate Market Trends

There are currently 350 single family and townhomes listed for sale in Geneva. The median home price is $349,900. There have been 115 closings YTD which is down 23% from 2008. The median sale price of $300,000 is down 2% over last year. It's taking longer to sell as market time rose 24%. This information was pulled from the Multiple Listing Service of Northern Illinois on Wednesday, July 1st, 2009.

In Geneva the primary improvements consist of average single family residential structures with a typical mix of multi-family dwellings and commercial support improvements. There are no apparent adverse factors affecting the marketability of this general market area. The turnover rate & employment stability are also normal for this suburban market area. The Chicago commuter train is available in the center of town. The area is rapidly growing with several new retail centers & housing projects currently under construction.

The Fox River, an Illinois State Park Waterway runs N-S through the center of town. Parks, schools, and other typical suburban buffers outline the residential streets. Geneva is an Illinois certified city & a far western suburb of Greater Chicagoland.

This information is provided by The Kombrink Team at RE/MAX Excels in Geneva, Illinois. For more Geneva, Illinois real estate information, including homes currently for sale, visit http://www.geneva-il-homes-for-sale.com. Please call 630-262-4321 with any questions or comments.