Is Galena, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Galena was a Seller's Market.
Housing Prices in Galena, IL
How much do homes in Galena, IL cost?
Median Sold Price
$253,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Galena was $253,000 in April 2024, up 7.7% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $447.5K | +123.8% |
2 Bedrooms | $208.5K | $209.4K | 0.4% |
3 Bedrooms | $290K | $325K | +12.1% |
4 Bedrooms | - | $553.1K | N/A |
5+ Bedrooms | $750K | $395K | -47.3% |
Summary: Galena housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.8%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 12.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 47.3%.
Median Sold Price Compared To Nearby Cities
Galena | $235K | $253K | +7.7% |
East Galena Township | $235K | $244.5K | +4.0% |
Housing Supply in Galena, IL
How many homes are available in Galena, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Summary: The Galena real estate market had 16 homes for sale in April 2024, a 23.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 3 | 7 | +133.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 3 | 3 | 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 decreased by 25%, 3 bedroom homes increased by 133.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Galena in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Galena, IL
We’re sorry, we don't have information for this market at the moment