Is Galena, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Galena has remained a Buyer's Market.
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
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $335K | $650K | +94.0% |
4 Bedrooms | $480K | $750K | +56.3% |
5+ Bedrooms | - | - | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 34 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 7 | 7 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 4 | +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
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 2024 | Apr 2024 | CHANGE |
---|---|---|
184 Days | 47 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
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.