Is Galesville, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Galesville is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Galesville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Galesville, WI

How much do homes in Galesville, WI cost?

Median Sold Price

$195,000

$142/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$269,500(-58.0%)

Key Takeaway

Homes in Galesville have sold for 58% less than they did a month ago.

Summary: The median home sold price in Galesville was $195,000 in October 2024, down 58% from last month, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$309.9K
N/A
3 $379K-
N/A
4 -$195K
N/A
5+ $594K-
N/A

Summary: Galesville 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.

Housing Supply in Galesville, WI

How many homes are available in Galesville, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1312-7.7%

Summary: The Galesville real estate market had 12 homes for sale in October 2024, a 7.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 43
-25.0%
4 45
+25.0%
5+ 43
-25.0%

Summary: The Galesville 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Galesville, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Galesville in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Galesville, WI

How long does it take to sell a home in Galesville, WI?

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 Galesville are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Galesville; 33% 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 20 Days Ago

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