Is Galena, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Galena has remained a Seller's Market.
Key Takeaway
Galena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Galena, OH
How much do homes in Galena, OH cost?
Median Sold Price
$608,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Galena have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Galena was $608,000 in March 2024, up 14.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $235K | N/A |
| 2 Bedrooms | $389.9K | $447.4K | +14.8% |
| 3 Bedrooms | $425K | $499.5K | +17.5% |
| 4 Bedrooms | $576.9K | $637.3K | +10.5% |
| 5+ Bedrooms | $575K | $683.8K | +18.9% |
Summary: Galena housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Galena | $530K | $608K | +14.7% |
| Sunbury | $420K | $476.9K | +13.6% |
| Sunbury Village Township | $399.7K | $445K | +11.3% |
| Berkshire Township | $521.7K | $513.4K | -1.6% |
Housing Supply in Galena, OH
How many homes are available in Galena, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 52 | +52.9% |
Summary: The Galena real estate market had 52 homes for sale in March 2024, a 52.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 11 | 18 | +63.6% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Galena housing inventory by bedroom type for March 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 63.6%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Galena, expect to pay close to the asking price. 58.3% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Galena in March 2024, up by 100.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 58% were sold at asking, and 25% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 16 Days | -46.7% |
Summary: Homes in Galena had an average of 16 days on market in Mar 2024, down by 46.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Galena are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Galena; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.