Is Galena, MO 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, Galena has remained a Buyer's Market.
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
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114.9K | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $524.9K | $335K | -36.2% |
4 Bedrooms | - | $480K | N/A |
5+ Bedrooms | - | - | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 29 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 5 | 7 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
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 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 2024 | Mar 2024 | CHANGE |
---|---|---|
2 Days | 184 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
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.