Thinking about buying or selling in the Lake Geneva area? Let’s break down the latest market trends so you can make smarter moves in today’s real estate market. Spoiler alert: Inventory just dropped, and buyer activity is ALREADY HOT in January which means big shifts for both sides of the deal!
📉 Back in a Seller’s Market – Here’s Why
This past December, fewer homes hit the market—totally expected during the holiday season. But that drop in listings has tightened inventory, pushing us back into a seller’s market. We’re back in a Seller’s Market with less than 4 Month’s of Inventory.
- Walworth County: 3.03 months of inventory
- Lake Geneva: 3.37 months of inventory
💡 What this means:
- For Sellers: Low inventory means less competition. If you’ve been thinking about selling, now’s a prime time to list before spring inventory surges.
- For Buyers: Fewer options mean you need to stay sharp and act fast when you find the right home.
⏳ Days on Market: Steady but Moving
The day on market is uncharacteristically low for December, meaning buyer demand is strong. I set up 5 showings for Saturday on a Friday, and by the time I woke up,2 were already under contract!
Homes are still selling at a solid pace:
- Walworth County: 53 days (average: 50-65)
- Lake Geneva: 73 days (average: 50-80)
💡What this means:
- For Sellers: Properly priced homes in good condition are selling within the normal window, but overpricing will cause delays.
- For Buyers: You have a little more breathing room compared to peak market times—but don’t drag your feet!
💰 Sales to List Price Ratio: Holding Strong
The sales to list price ratio tells you how close to the asking price homes are selling for, and for the winter season, our area is holding surprisingly strong! This usually dips in the winter months.
- Walworth County: 96.3%
- Lake Geneva: 94.4%
💡 What this means:
- For Sellers: Homes are selling very close to their asking price, but pricing smart still matters to avoid price reductions.
- For Buyers: There’s still room for negotiation, but don’t expect massive discounts—be prepared to come in close to the list price.
📊 Pricing Trends: The Gap Between Listings & Sales
We’re carried over the huge price disparity between the median active and sold price in Lake Geneva WI and throughout Walworth County from 2024 into 2025.
- Walworth County:
Median Sold Price: $400K
Median Active Listing Price: $500K - Median Sold Price: $400K
- Median Active Listing Price: $500K
- Lake Geneva:
Median Sold Price: $525K
Median Active Listing Price: $650K - Median Sold Price: $525K
- Median Active Listing Price: $650K
💡What this means:
- For Sellers: Pricing too high can lead to extended time on the market. Work with a local expert to price strategically.
- For Buyers: Active listings are priced higher than what homes are selling for, meaning there’s room to negotiate—especially on higher-priced properties.
🏡 Most Popular Price Ranges Sold
What is the most sought-after price range in 2024?
- Walworth County: $300K – $399K
- Lake Geneva: $300K – $650K
💡What this means:
- For Sellers: If your home is in these ranges, you’re in the sweet spot! Expect strong buyer interest if priced competitively.
- For Buyers: If you’re shopping in this range, expect more competition. Be pre-approved and ready to move fast.
Bottom Line: ✅ Key Takeaways for 2025
- Sellers: Low inventory gives you an advantage, but smart pricing and great presentation are still key. If your has been sitting on the market and hasn’t yet sold, at least one of 4 things is wrong. Check out our video on 4 Factors That’re Stopping Your Home From Selling.
- Buyers: Fewer listings mean less choice, but it’s still a great time to buy with solid pricing and market stability.
🎯 Thinking of Buying or Selling in Lake Geneva? Let’s Talk!
Whether you’re planning to sell for top dollar or find the perfect home, having the right strategy matters.
📲 Reach out today to start the conversation, and make your next move, Legendary!
Reach out to Jade:
Call: 262-261-1433
Email: Jade@LegendaryRealEstateServices.com
Book a call:
About Chris DeVincentis
Expert real estate agent specializing in Lake Geneva and surrounding areas. Helping families find their dream homes with personalized service and local market expertise.
Contact Chris DeVincentis