Is Galewood, IL 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, Galewood has remained a Seller's Market.
Housing Prices in Galewood, IL
How much do homes in Galewood, IL cost?
Median Sold Price
$347,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Galewood was $347,000 in April 2024, up 0.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123.5K | $131K | +6.1% |
2 Bedrooms | $202.5K | $185K | -8.6% |
3 Bedrooms | $362.5K | $350K | -3.4% |
4 Bedrooms | $370K | $392.5K | +6.1% |
5+ Bedrooms | $436.5K | $425K | -2.6% |
Summary: Galewood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Neighborhoods
Austin | $250.6K | $289K | +15.3% |
Montclare | $327.5K | $355K | +8.4% |
Northwest Side | $366.2K | $379.8K | +3.7% |
Belmont Cragin | $339.5K | $342.5K | +0.9% |
Galewood | $345K | $347K | +0.6% |
Housing Supply in Galewood, IL
How many homes are available in Galewood, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 17 | 0.0% |
Summary: The Galewood real estate market had 17 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Galewood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Galewood in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Galewood, IL
How long does it take to sell a home in Galewood, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 9 Days | -17.3% |
Summary: Homes in Galewood had an average of 9 days on market in Apr 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Galewood; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.