Is Galena, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Galena has remained a Seller's Market.
Housing Prices in Galena, OH
How much do homes in Galena, OH cost?
Median Sold Price
$612,500
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Galena was $612,500 in April 2024, up 13.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $235K | N/A |
2 Bedrooms | $394.9K | $449.9K | +13.9% |
3 Bedrooms | $441K | $497K | +12.7% |
4 Bedrooms | $608K | $640K | +5.3% |
5+ Bedrooms | $577.8K | $696.9K | +20.6% |
Summary: Galena housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 20.6%.
Median Sold Price Compared To Nearby Cities
Galena | $539.9K | $612.5K | +13.4% |
Sunbury | $430K | $477.9K | +11.1% |
Sunbury Village Township | $399.7K | $430K | +7.6% |
Berkshire Township | $520K | $526.1K | +1.2% |
Housing Supply in Galena, OH
How many homes are available in Galena, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 62 | +10.7% |
Summary: The Galena real estate market had 62 homes for sale in April 2024, a 10.7% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 19 | 17 | -10.5% |
4 Bedrooms | 25 | 31 | +24.0% |
5+ Bedrooms | 10 | 11 | +10.0% |
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 50%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Galena in April 2024, up by 25.0% month-over-month. Of the 15 sold homes, 13% were sold under asking, 20% were sold at asking, and 67% were sold over asking.
Days on Market for Galena, OH
How long does it take to sell a home in Galena, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 7 Days | -51.8% |
Summary: Homes in Galena had an average of 7 days on market in Apr 2024, down by 51.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Galena; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.