Is Galena, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Galena is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Galena has remained a Buyer's Market.

Key Takeaway

Galena is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Galena, MO

How much do homes in Galena, MO cost?

Median Sold Price

$673,452

-

Based on all homes sold in April 2024.

Difference Since Last Month

+$265,952(+65.3%)

Key Takeaway

Homes in Galena have sold for 65.3% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $335K$650K
+94.0%
4 $480K$750K
+56.3%
5+ --
N/A

Summary: Galena housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 94%, 4 bedroom homes increased by 56.3%, and 5+ bedroom homes did not change.

Housing Supply in Galena, MO

How many homes are available in Galena, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2734+25.9%

Summary: The Galena real estate market had 34 homes for sale in April 2024, a 25.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 68
+33.3%
3 812
+50.0%
4 56
+20.0%
5+ 77
0.0%

Summary: The Galena housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Galena, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Galena in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Galena, MO

How long does it take to sell a home in Galena, MO?

Average Sale Time

Mar 2024Apr 2024CHANGE
184 Days47 Days-74.4%

Summary: Homes in Galena had an average of 47 days on market in Apr 2024, down by 74.4% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Galena are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in Galena; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Apr 1, 2024

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