Is Galena, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Galena is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Galena has remained a Buyer's Market.

Key Takeaway

Galena is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Galena, MO

How much do homes in Galena, MO cost?

Median Sold Price

$407,500

-

Based on all homes sold in March 2024.

Difference Since Last Month

+$87,600(+27.4%)

Key Takeaway

Homes in Galena have sold for 27.4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 $114.9K-
N/A
2 --
N/A
3 $524.9K$335K
-36.2%
4 -$480K
N/A
5+ --
N/A

Summary: Galena housing prices by bedroom type for March 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 decreased by 36.2%, 4 bedroom homes did not change, 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

Feb 2024Mar 2024CHANGE
2329+26.1%

Summary: The Galena real estate market had 29 homes for sale in March 2024, a 26.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 21
-50.0%
2 67
+16.7%
3 67
+16.7%
4 47
+75.0%
5+ 57
+40.0%

Summary: The Galena housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Galena, 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 Galena in March 2024, the same as the previous 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, MO

How long does it take to sell a home in Galena, MO?

Average Sale Time

Feb 2024Mar 2024CHANGE
2 Days184 Days+9125.0%

Summary: Homes in Galena had an average of 184 days on market in Mar 2024, up by 9125% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Galena are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in Galena; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Galena, MO

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