Geneva's October First-Time Homebuyer Report

With 21,495 residents, Geneva is a larger than average city in Illinois. Also, with a 9.5% increase over the last 10 years, its population is growing faster than other parts of the state. Geneva is made up of homes that are considered of moderate age with a median of 24 years. The best schools in the city are Western Avenue Elementary School, Geneva Middle School South, and Regional Safe School Prog.

Culture

According to Foursquare, if shopping is your thing, you might enjoy Little Traveler, Galena Cellars, and The Spice House. Great outdoor attractions are Fabyan Windmill and Island Park. For arts and entertainment, you'll find Geneva Art Fair and Geneva History Center.

Price Range

The median value of homes in Geneva is $262,800, making it one of the most valuable areas in Illinois. At the same time, the average list price of available homes is presently $386,773. Over the last 30 days, the Geneva market got good news with 34 homes sold, closing in on the average sales volume for the prior 12 months.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Geneva:

$190K   $279K   $294K  

Typical Dwelling

The typical dwelling in Geneva is a four-bedroom detached home worth about $410,894. To purchase a similar home, a buyer with good credit and a $82,179 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,630 monthly payment. The property tax rate is $19.77 per $1,000 of taxable assessed value.

Get started right now by checking out Geneva homes for sale or reviewing Geneva real estate trends.


Data reported through 10/13/2016

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Ask a local expert about this area:
john greene Realtor
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