Is It Still a Seller’s Market in Lake Geneva, WI? Here’s What the Latest Data Says

By Jade Goodhue

Thinking of buying or selling in Lake Geneva?You’re not alone—and the market is heating up. But with shifting numbers and headlines bouncing between boom and bust, what does itreallymean for you right now?

Let’s break it down—without the jargon—and make sense of what’s going on with homes for sale in Lake Geneva, WI.

📊 Absorption Rate: A Seller’s Market (But Just Barely)

• Walworth County: 3.46
• Lake Geneva: 3.23

What it means: The absorption rate tells us how quickly homes are selling. Anything under 4 months is a seller’s market. So yes—Lake Geneva is still favoring sellers. But here’s the catch: the number of listings is rising fast, pushing us closer to a balanced market.

💡 Sellers:List now while conditions are still in your favor.💡 Buyers:You’ve got more homes to choose from than a month ago—but if you’re looking for a home under $500K, stay patient and strategic, but it’s still not for the faint of heart.

⏱️ Days on Market: Homes Are Selling Fast

• Walworth County: 45.6 days
• Lake Geneva: 52.1 days

That’s the average number of days it takes for a home to go fromlistedtoaccepted offer. This is at thelow endof the normal range.

💡 Sellers:A well-priced home in Lake Geneva should still sell quickly—especially if it’s move-in ready.💡 Buyers:If you love a property, don’t sit on it. Tour it, ask questions, and be ready to move. If you’re not a cash buyer, make sure your preapproval letter is ready to go.

💰 Sold-to-List Price Ratio: Sellers Still Have Leverage

• Walworth County: 99%
• Lake Geneva: 97.5%

This means homes are sellingjust belowasking price—and in many cases, over it.

💡 Sellers:You don’t need to underprice to sell. But pricing it right is key to getting top dollar.💡 Buyers:Lowball offers? Not in this market. Be prepared to pay close to list—or more—especially if it’s a popular property.

💵 Median Sold Price: Holding Strong

• Walworth County: $414,900
• Lake Geneva: $618,582

Home values are holding steady thanks to buyer demand and limited inventory.

💡 Sellers:Strong pricing isn’t just luck—it’s backed by market data.💡 Buyers:You’re not overpaying—you’re buying in a market that’s holding value.

🎯 Most Popular Price Range in Walworth County: $250K–$650K

This is the sold price range as of last month where buyers have focused their effort.

💡 Sellers in this range:This is the sweet spot. Demand is high—don’t miss your moment.

🏘️ Most Available Listings:

$300K–$650K—with increased activity in the higher-end range

💡 Buyers in this range:This is the sweet spot. Supply is higher—don’t miss your moment.

🏡 How’s the Market, Nationally?

January 2025 saw a slight uptick in foreclosures nationwide, with 30,816 filings, up 8% from December. But Wisconsin ranks 41st in the nation for foreclosure rates, with 1 foreclosure for every 9,966 housing units. That’s only 276 filings that were recorded statewide. That’slow. So while foreclosure headlines grab attention, they’re not shaking up our market here in Lake Geneva.

Final Thoughts

Whether you’re selling a lakeside escape or buying your first home near Geneva Lake, timing and strategy matter more than ever. Homes for sale in Lake Geneva, WI, are still moving—and with the right plan,you can too.

Want tailored advice based on your specific situation?

Let’s grab coffee—or schedule a quick call.As a Lake Geneva Realtor, I’m here to guide you through this market with confidence. Make your next move, Legendary.

📞 2622496250

📧 Jade@legendaryrealestateservices.com