Is Lake Geneva, WI 53147 a buyer’s or seller’s market?
Lake Geneva is a seller’s market. With about 3.6 months of supply and 18% 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.
More competitive than 33% of U.S. ZIP codes, and #288 of 319 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Lake Geneva housing market right now
In the three months ending August 31, 2026, 18% of homes in Lake Geneva, WI 53147 sold above their list price, the typical home went under contract in 55 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 134 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold faster (59 days then) and the median sale price rose 15% to $484,790. Overall, Lake Geneva is more competitive than a year ago, so tougher for buyers.
Within Walworth County, homes here sell faster than in 60% of the county’s ZIP codes, and sell less often over asking than in 90%. On our competition score, Lake Geneva ranks #288 of 319 WI ZIP codes with enough sales (score 35 out of 100).
Nearby, Sharon 53585 (50% sold over asking) and East Troy 53120 (49% sold over asking) are even more competitive.
Run the numbers for 53147
Nearby markets
Darien 53114Balanced $159 /sq ftDelavan 53115Seller’s market $234 /sq ftEast Troy 53120Seller’s market $260 /sq ftElkhorn 53121Seller’s market $222 /sq ft Browse all markets →Towns like Lake Geneva nearby
Find towns like Lake Geneva in other states →Where Lake Geneva is
Loading map…
Questions about Lake Geneva real estate
Is Lake Geneva a buyer’s or seller’s market?
A seller’s market: there were 3.6 months of supply in Lake Geneva, WI 53147 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 Lake Geneva?
The typical home went under contract in 55 days in the latest three months.
Do homes in Lake Geneva sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Lake Geneva?
About 1.33% of a home’s value a year in Walworth County, or roughly $5,320 on a $400,000 home.
What is the median home price in Lake Geneva?
The median sale price was $484,790 in the three months ending August 31, 2026, about $287 per square foot.
Local agents
See all agents in 53147 →No sponsored agents in 53147 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 53147
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology