$1,663 Closing Credit*
$140,000
Phillip Esquer, Listing Office: Arrow Real Estate Inc.
Is Galva Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Galva Township was a Buyer's Market.
Key Takeaway
Galva Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Galva Township, IL
How much do homes in Galva Township, IL cost?
Median Sold Price
$103,000
$68/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+24.1%)
Key Takeaway
Homes in Galva Township have sold for 24.1% more than they did a year ago.
Summary: The median home sold price in Galva Township was $103,000 in November 2024, up 24.1% from last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32.5K | $20K | -38.5% |
| 2 Bedrooms | $56.9K | $95K | +66.8% |
| 3 Bedrooms | $92.5K | $99K | +7.0% |
| 4 Bedrooms | $100K | $118K | +18.0% |
| 5+ Bedrooms | - | $145K | N/A |
Summary: Galva Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes increased by 66.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 18%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Galva Township | $83K | $103K | +24.1% |
| Galva | $83K | $103K | +24.1% |
| Wethersfield Township | $91.7K | $107.7K | +17.4% |
Housing Supply in Galva Township, IL
How many homes are available in Galva Township, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Summary: The Galva Township real estate market had 11 homes for sale in November 2024, a 35.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Galva Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Galva Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Galva Township in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Galva Township, IL
How long does it take to sell a home in Galva Township, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 13 Days | +30.0% |
Summary: Homes in Galva Township had an average of 13 days on market in Nov 2024, up by 30% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Galva Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Galva 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.