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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Galena Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Galena Township, MO

How much do homes in Galena Township, MO cost?

Median Sold Price

$180,030

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,267(+6.7%)

Key Takeaway

Homes in Galena Township have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Galena Township was $180,030 in November 2024, up 6.7% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $28K$50K
+78.6%
2 $106K$112.3K
+6.0%
3 $175K$190.4K
+8.8%
4 $268.4K$281.2K
+4.8%
5+ $364.7K$430K
+17.9%

Summary: Galena Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.6%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 17.9%.

Median Sold Price Compared To Nearby Cities

Joplin
+10.2%
Galena Township
+6.7%
Shoal Creek Township
+1.4%
Airport Drive
0.2%
Galena
-3.0%

Housing Supply in Galena Township, MO

How many homes are available in Galena Township, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
201203+1.0%

Summary: The Galena Township real estate market had 203 homes for sale in November 2024, a 1.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 3741
+10.8%
3 9299
+7.6%
4 4335
-18.6%
5+ 2524
-4.0%

Summary: The Galena 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 increased by 10.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5736-36.8%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Galena Township, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Galena Township in November 2024, down by 36.8% month-over-month. Of the 30 sold homes, 70% were sold under asking, 17% were sold at asking, and 13% were sold over asking.

Days on Market for Galena Township, MO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
81 Days67 Days-16.8%

Summary: Homes in Galena Township had an average of 67 days on market in Nov 2024, down by 16.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Galena Township has remained consistent over time.

Summary: During November 2024, 36 homes were sold in Galena Township; 14% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 19% 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 20 Days Ago

Newest Listings in Galena Township, MO

Nearby Markets to Galena Township, MO

What housing markets are near Galena Township, MO?