Lake Geneva Real Estate Market Update

By Kim and Joel Reyenga, eXp Realty | YourWiscoHome.com

Quick answer: 192 homes closed across the Lake Geneva area in July 2026, totaling $112.7 million at a median of $425,000. Over the last 12 months, 1,863 sales closed for $1.088 billion. Inventory sits at 610 active listings, and 32% of buyers paid cash.

This is the monthly update for the lakes around Lake Geneva, covering Walworth County and the neighboring lake markets in western Racine, western Kenosha, and Jefferson counties. All figures come from our own MLS pull dated 8/2/2026, covering closings through July 31.

We run seven separate searches every month, because a lakefront home, a lake association home, a home in town, a home on acreage, a condo, a condo-hotel suite, and a boat slip are seven different markets that do not move together.

The month at a glance

Segment	July sales	July median	12-month median	Median days	Months of supply	Cash
Lakefront	15	$1,000,000	$1,050,000	34	4.0	44%
Lake association	28	$419,000	$425,000	20	4.1	29%
Town, city and village limits	72	$400,894	$385,000	18	3.6	22%
Country, 1 acre and up	23	$665,000	$612,500	23	2.9	26%
Country, lot under an acre	17	$425,000	$372,000	19	2.5	20%
Condo, lake access	9	$390,000	$420,000	22	3.0	51%
Condo	25	$370,000	$352,400	32	5.1	51%
Condo-hotel	3	$110,000	$132,000	41	11.3	85%

Months of supply is active listings divided by the average monthly closing pace over the last 12 months. Anything near 4 months is considered balanced.

What closed in July

Fifteen lakefront sales closed in July. Here is what the top of that list looked like, described by lake and frontage rather than by address.

Lake	Community	Frontage	Sale price	Days	Terms
Geneva Lake	Town of Linn	75 ft	$4,700,000	14	Cash
Delavan Lake	Delavan	132 ft	$3,900,000	11	Cash
Geneva Lake	Williams Bay	37 ft	$2,775,000	299	Cash
Lake Beulah	East Troy	100 ft	$1,625,000	2	Cash
Browns Lake	Burlington	83 ft	$1,400,000	17	Cash
Lauderdale Lakes	La Grange	100 ft	$1,175,000	24	Conventional
Whitewater Lake	Richmond	135 ft	$1,162,000	90	Conventional
Rice Lake	Whitewater	75 ft	$1,000,000	1	Cash

Two of those closed in 2 days or fewer. One sat 299 days. Same lake cluster, same month.

The largest sale of the month was not lakefront at all. A Geneva Lake lake association home in the Town of Linn closed at $5,600,000 with a boat slip that transfers to the buyer, after 385 days on market. A second Linn association home with a transferable slip closed at $1,400,000. That pattern is covered in our post on what buyers look for in a lake access home.

Why one median does not describe this market

Seven products trade here, and the spread between them is wider than the spread between towns. A condo-hotel suite closed at a $132,000 median over the last 12 months. Lakefront closed at $1,050,000. Both are the Lake Geneva market.

Inside a single segment the range is just as wide. July lakefront ran from $1,000,000 down to a $235,300 sale on Lower Spring Lake in Palmyra, because frontage on a small Jefferson County lake and frontage on Geneva Lake are not the same asset. There are 17 named lakes within about 30 minutes of downtown Lake Geneva, plus 14 smaller ones we also serve, and they price independently.

The comparison that prices a specific property is your lake, your frontage, your acreage, or your association. Our Walworth County home values post covers why the county number is a headline rather than a pricing tool.

Cash is a third of this market

Across all segments, 32% of the last 12 months of closings were cash. That is high, and it is concentrated where you would expect.

Segment	Cash share
Condo-hotel	85%
Condo and condo with lake access	51%
Lakefront	44%
Lake association	29%
Country, 1 acre and up	26%
Town	22%

Rates moved roughly 40 basis points over the ten weeks ending in late July. When 44% of lakefront buyers are not borrowing, a move of that size does not price the segment the way it prices a first mortgage market. It is a large part of why waterfront here has held while several Sun Belt second-home markets softened.

For owners selling from out of state, our post on selling a Lake Geneva home while living in Illinois covers the mechanics.

Supply, and what it tells a seller

Inventory finished July at 610 active listings across all seven segments.

Wisconsin overall has been running near 4.1 months of supply, per the Wisconsin REALTORS Association. Against that benchmark:

• Country acreage is the tightest at 2.9 months, and rural lots under an acre are tighter still at 2.5. Land is the scarce thing here and it is behaving that way.

• Town sits at 3.6 months, slightly tighter than the state.

• Lakefront is at 4.0 months, right on the state figure, with 42 homes on the market against a pace of about 10 closings a month.

• Condos are the loosest of the residential segments at 5.1 months, with 111 active listings. If you own a condo, you have more competition than any other seller in this market. Our post on selling a condo in Lake Geneva covers how to position against it.

Median days on market ran 18 to 34 across the residential segments, so well-priced homes are still moving quickly. The spread inside each segment is the real story, and we break it down in how long it takes to sell a Lake Geneva home.

What a Geneva Lake boat slip sold for

Boat slips at Abbey Harbor in Fontana are sold as condominium, so every sale is recorded and searchable. That makes them the clearest read on what a Geneva Lake slip is worth, and appraisers use them for exactly that. Eight slips traded between April 2025 and May 2026:

Slips sold	8
Median price	$410,000
Range	$282,000 to $445,000
Sold to list price	96.4%
Median days on market	10

Four of those eight closed inside the last 12 months, at a $437,500 median. Four sales is a thin sample, so read the range alongside the median.

Set that against what a slip does not cost. Of the 420 lake association homes we track, 52 convey a slip with the sale, 118 sit on an association wait list, 15 have rental access, and 6 are day-use only. All 64 Lake Como listings convey nothing, because Lake Como Beach Association piers revert to the association wait list when a property sells. Two homes on the same lake at the same price can carry very different water access.

What changed since the July report

July's seller report covered a narrower set of communities, so the larger totals here reflect broader coverage rather than a busier market. Three things stand out:

1. Cash held. 32% overall and 44% on lakefront, with no sign of softening as rates ticked up.

2. Country acreage tightened. At 2.9 months of supply it is the tightest segment we track.

3. Condo inventory built. 111 active condos against 259 sales in a year is the loosest residential segment on the board.

Frequently asked questions

How is the Lake Geneva real estate market doing right now?

Steady. 192 homes closed across the Lake Geneva area in July 2026 for $112.7 million, at a median of $425,000. Over the last 12 months 1,863 homes sold for $1.088 billion. Inventory sits at 610 active listings, which works out to roughly 4 months of supply overall. That is a balanced market by the usual measure.

What is the median home price in the Lake Geneva area?

It depends entirely on the property type. Over the last 12 months the median was $385,000 for a home inside city or village limits, $612,500 for a home on an acre or more, $425,000 for a lake association home, and $1,050,000 for lakefront. The all-segment July median was $425,000, and no single number prices a specific home.

How much are lakefront homes selling for on Geneva Lake?

Lakefront across all the lakes we serve ran a $1,050,000 median over the last 12 months, but Geneva Lake sits well above the rest of the cluster. July's top Geneva Lake sale closed at $4,700,000 on 75 feet of frontage in the Town of Linn, and a Geneva Lake lake association home with a transferable boat slip closed at $5,600,000.

What is a boat slip worth on Geneva Lake?

Eight boat slips at Abbey Harbor in Fontana sold between April 2025 and May 2026 at a median of $410,000, ranging from $282,000 to $445,000. They closed at about 96% of asking in a median of 10 days. Because those slips are sold as condominium, the sales are recorded, which is why appraisers use them as the benchmark.

How many months of supply does the Lake Geneva area have?

Roughly 4 months overall, which is close to the Wisconsin figure of about 4.1 months. By segment it ranges from 2.5 months for rural lots under an acre and 2.9 months for country acreage to 5.1 months for condominiums. Lakefront sits at 4.0 months with 42 active listings.

Are cash buyers driving the Lake Geneva market?

They are a large part of it. 32% of closings over the last 12 months were cash, rising to 44% on lakefront and 51% on condominiums. That share is why waterfront pricing here has been less sensitive to mortgage rate movement than the year-round housing market.

Get the number that applies to your property

We track this market for Lake Geneva, Williams Bay, Fontana, Geneva National, Delavan, Elkhorn, Twin Lakes, Burlington, and the lakes across Walworth County and the surrounding lake communities.

Request a home value report or start a seller conversation, or call or text (262) 325-9867. You will get the closed sales that actually compare to your property, your lake or your acreage, and what your water access is worth.