Is East Galena Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Galena Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, East Galena Township has remained a Seller's Market.

Key Takeaway

East Galena Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Galena Township, IL

How much do homes in East Galena Township, IL cost?

Median Sold Price

$550,000

$174/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$400,000(+266.7%)

Key Takeaway

Homes in East Galena Township have sold for 266.7% more than they did a month ago.

Summary: The median home sold price in East Galena Township was $550,000 in October 2024, up 266.7% from last month, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $150K-
N/A
3 --
N/A
4 --
N/A
5+ -$550K
N/A

Summary: East Galena Township housing prices by bedroom type for October 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 did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

East Galena Township
+266.7%
West Galena Township
+57.6%

Housing Supply in East Galena Township, IL

How many homes are available in East Galena Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440.0%

Summary: The East Galena Township real estate market had 4 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 01
+100.0%
4 00
0.0%
5+ 33
0.0%

Summary: The East Galena Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 East Galena Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in East Galena Township in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for East Galena Township, IL

How long does it take to sell a home in East Galena Township, IL?

Average Sale Time

Sep 2024Oct 2024CHANGE
13 Days6 Days-53.8%

Summary: Homes in East Galena Township had an average of 6 days on market in Oct 2024, down by 53.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in East Galena Township; 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.

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

Report Updated 5 Days Ago

Newest Listings in East Galena Township, IL

Nearby Markets to East Galena Township, IL