Is Geneseo, IL 61254 a buyer’s or seller’s market?
Geneseo is a seller’s market. With about 1.7 months of supply and 40% 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 88% of U.S. ZIP codes, and #54 of 464 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 Geneseo housing market right now
In the three months ending August 31, 2026, 40% of homes in Geneseo, IL 61254 sold above their list price, the typical home went under contract in 9 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 44 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold about as fast and the median sale price rose 26% to $269,883. Overall, Geneseo is more competitive than a year ago, so tougher for buyers.
Within Henry County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 73%. On our competition score, Geneseo ranks #54 of 464 IL ZIP codes with enough sales (score 82 out of 100).
Nearby, buyers who want less competition could look at Lynn Center 61262 (0% sold over asking) or Atkinson 61235 (0% sold over asking), while Alpha 61413 (67% sold over asking) and Andover 61233 (50% sold over asking) are even more competitive.
Run the numbers for 61254
Nearby markets
Alpha 61413Seller’s market $104 /sq ftAndover 61233Seller’s market $91 /sq ftAnnawan 61234Seller’s market $92 /sq ftAtkinson 61235Seller’s market $67 /sq ft Browse all markets →Towns like Geneseo nearby
Find towns like Geneseo in other states →Where Geneseo is
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Questions about Geneseo real estate
Is Geneseo a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in Geneseo, IL 61254 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 Geneseo?
The typical home went under contract in 9 days in the latest three months.
Do homes in Geneseo sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Geneseo?
About 1.99% of a home’s value a year in Henry County, or roughly $7,960 on a $400,000 home.
What is the median home price in Geneseo?
The median sale price was $269,883 in the three months ending August 31, 2026, about $141 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