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Is Geneva, IN 46740 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Geneva is a seller’s market. With about 1.9 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.9Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list98.7%Sold price ÷ list price
Median days on market26Listing to accepted offer
Median price per sq ft$125▲ +2.0% vs. last year

The Geneva housing market right now

In the three months ending August 31, 2026, 0% of homes in Geneva, IN 46740 sold above their list price, the typical home went under contract in 26 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (35 days then) and the median sale price rose 39% to $229,901. Overall, Geneva is more competitive than a year ago, so tougher for buyers.

Nearby, Decatur 46733 (30% sold over asking) is even more competitive.

Run the numbers for 46740

Prefilled for 46740Can I win this house?Multiple-offer likelihood for a listing Prefilled for 46740Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Berne 46711Seller’s market $116 /sq ftDecatur 46733Seller’s market $133 /sq ftMonroe 46772Seller’s market $130 /sq ft Browse all markets →

Towns like Geneva nearby

Find towns like Geneva in other states →
Berne, IN46711 · 5 miles away80% similarlarger · older residents Monroe, IN46772 · 9 miles away74% similarpricier homes ($83K more) Redkey, IN47373 · 22 miles away70% similarcheaper homes ($60K less) · smaller Spencerville, OH45887 · 33 miles away68% similarpricier homes ($26K more) · older residents

Where Geneva is

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Questions about Geneva real estate

Is Geneva a buyer’s or seller’s market?

A seller’s market: there were 1.9 months of supply in Geneva, IN 46740 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Geneva?

The typical home went under contract in 26 days in the latest three months.

Do homes in Geneva sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.

What are property taxes in Geneva?

About 0.77% of a home’s value a year in Adams County, or roughly $3,080 on a $400,000 home.

What is the median home price in Geneva?

The median sale price was $229,901 in the three months ending August 31, 2026, about $125 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology