Why Live in Lake Geneva
Lake Geneva, a resort town located 50 miles southwest of Milwaukee and less than 10 miles north of the Illinois border, fronts the picturesque Geneva Lake. Known for its historical significance and tranquil atmosphere, the town attracts residents looking to escape the hustle and bustle of larger cities like Chicago and Milwaukee. With a permanent population of around 9,000, Lake Geneva sees a surge in inhabitants during the summer months as tourists and seasonal vacationers flock to its beaches and outdoor attractions. The town offers numerous things to do, including walking the 25-mile paved trail around Geneva Lake, golfing at public and private courses, and exploring wildlife reserves and forests. Big Foot Beach State Park provides campsites and a beach, while Lake Geneva Ziplines & Adventures offers thrilling zipline experiences through a forested area. Downtown Lake Geneva is a hub of unique, locally-owned establishments, particularly busy during summer but quieter after Labor Day. The town hosts year-round events such as Maxwell Street Days, Dragon Days, and Winter Fest, featuring America's Snow Sculpting Invitational. Housing options range from historic waterfront mansions to modern subdivisions and forested homes on the outskirts. The highly rated Lake Geneva Joint 1 School District and Lake Geneva-Genoa City Union High School District serve local students. Commuting is facilitated by the interchange connecting Highway 12 and Route 50, with Milwaukee Mitchell International Airport 45 miles away. The area reports lower crime rates compared to the national average, although it has a moderate risk of natural disasters like tornadoes, wildfires, and flooding.
Home Trends in Lake Geneva, WI
On average, homes in Lake Geneva, WI sell after 60 days on the market compared to the national average of 50 days. The median sale price for homes in Lake Geneva, WI over the last 12 months is $425,000, down 3% from the median home sale price over the previous 12 months.
Median Sale Price
$425,000
Median Single Family Sale Price
$535,000
Median Townhouse Sale Price
$315,000
Median 2 Bedroom Sale Price
$270,000
Median 1 Bedroom Sale Price
$147,000
Average Price Per Sq Ft
$301
Number of Homes for Sale
175
Last 12 months Home Sales
377
Median List Price
$487,600
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-3%