Question 1

What is the median sold price in Genesee Park?

Accepted Answer

The median sold price in Genesee Park is $337,450 based on 4 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Genesee Park?

Accepted Answer

The average sold price in Genesee Park is $368,725. Note that the average ($368,725) is higher than the median ($337,450), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Genesee Park?

Accepted Answer

Home prices in Genesee Park range from $150,000 to $650,000 based on recent sales data. This $500,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Genesee Park selling above or below asking price?

Accepted Answer

On average, homes in Genesee Park are selling at 101.7% of their asking price. This means homes are selling at or above asking price. Buyers should be prepared for competitive offers.

Question 5

How long do homes take to sell in Genesee Park?

Accepted Answer

Homes in Genesee Park are selling in an average of 58 days. This indicates a balanced market with moderate competition. Buyers have reasonable time to make decisions without feeling rushed.

Question 6

What is the price per square foot in Genesee Park?

Accepted Answer

The average price per square foot in Genesee Park is $396. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $792,000.

Question 7

How active is the real estate market in Genesee Park?

Accepted Answer

The Genesee Park market has seen 4 home sales over the past 2 years, with 2 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

What types of properties are selling in Genesee Park?

Accepted Answer

The most common property types selling in Genesee Park are: vacant lot (2 sold, avg $179,950), agriculture / farm (2 sold, avg $557,500). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

Are home prices rising or falling in Genesee Park?

Accepted Answer

Home prices in Genesee Park have decreased by 7.5% over the past 2 years. The average sold price moved from $465,000 to $429,950. This downward trend may present buying opportunities for purchasers.

Question 10

Is Genesee Park a buyer's or seller's market?

Accepted Answer

Based on current data, Genesee Park is a balanced market. Homes are selling in 58 days on average and at 101.7% of asking price. Both buyers and sellers have reasonable negotiating positions in current conditions.

Question 11

What percentage of homes sell above asking price in Genesee Park?

Accepted Answer

In Genesee Park, 50% of homes sold above asking price, while 25% sold below asking. This indicates a competitive market where bidding wars are common.

Question 12

What size homes are selling in Genesee Park?

Accepted Answer

Homes selling in Genesee Park range from 1,262 to 1,677 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 13

How much do home prices vary in Genesee Park?

Accepted Answer

Genesee Park shows moderate price diversity with a standard deviation of $200,905 around the average price of $368,725. This wide range indicates a diverse market with options at many price points.

Question 14

How do I find out how much a house sold for in Genesee Park?

Accepted Answer

Simply search our Genesee Park sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 15

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Genesee Park will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 16

Do you show all MLS® sold listings for Genesee Park?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Genesee Park. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Genesee Park Homes Sold in the Last 30 Days

Genesee Park Sold Data Overview

Recently Sold in Genesee Park

Understanding the Genesee Park Market

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Genesee Park compare to Rural Parkland County?

More neighbourhoods in Rural Parkland County

Frequently Asked Questions

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