Is Galena, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Galena was a Seller's Market.
Housing Prices in Galena, MO
How much do homes in Galena, MO cost?
Median Sold Price
$320,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Galena was $320,000 in May 2024, down 3.5% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | $589.9K | +252.2% |
2 Bedrooms | $193K | $188.5K | -2.3% |
3 Bedrooms | $285K | $339.9K | +19.3% |
4 Bedrooms | $448.2K | $480K | +7.1% |
5+ Bedrooms | $335K | - | N/A |
Summary: Galena housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 252.2%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Washington Township | $249.9K | $310K | +24.0% |
Galena | $331.4K | $320K | -3.5% |
Housing Supply in Galena, MO
How many homes are available in Galena, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 37 | +12.1% |
Summary: The Galena real estate market had 37 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 6 | 10 | +66.7% |
3 Bedrooms | 15 | 14 | -6.7% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Galena housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Galena in May 2024, up by 25.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
72 Days | 106 Days | +46.8% |
Summary: Homes in Galena had an average of 106 days on market in May 2024, up by 46.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Galena; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.