Is Galva, IL 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, Galva has remained a Seller's Market.
Key Takeaway
Galva is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Galva, IL
How much do homes in Galva, IL cost?
Median Sold Price
$206,137
$110/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Galva have sold for 157.7% more than they did a month ago.
Summary: The median home sold price in Galva was $206,137 in April 2024, up 157.7% from last month, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $187.2K | N/A |
| 4 Bedrooms | $80K | $225K | +181.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Galva 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 did not change, 4 bedroom homes increased by 181.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Galva | $80K | $206.1K | +157.7% |
| Galva Township | $80K | $206.1K | +157.7% |
Housing Supply in Galva, IL
How many homes are available in Galva, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Galva real estate market had 6 homes for sale in April 2024, a 14.3% decrease 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Galva 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 60%, 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
Key Takeaway
If you're buying a home in Galva, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Galva 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 Galva, IL
How long does it take to sell a home in Galva, IL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 14 Days | -76.2% |
Summary: Homes in Galva had an average of 14 days on market in Apr 2024, down by 76.2% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Galva are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Galva; 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.