Is Galena, KS a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Galena has remained a Seller's Market.
Key Takeaway
Galena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Galena, KS
How much do homes in Galena, KS cost?
Median Sold Price
$107,950
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Galena have sold for 29.1% more than they did a year ago.
Summary: The median home sold price in Galena was $107,950 in May 2024, up 29.1% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $64.5K | $24K | -62.8% |
| 2 Bedrooms | $71.5K | $100K | +39.9% |
| 3 Bedrooms | $108.7K | $109.9K | +1.1% |
| 4 Bedrooms | $132.4K | $295K | +122.7% |
| 5+ Bedrooms | $190K | - | N/A |
Summary: Galena housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.8%, 2 bedroom homes increased by 39.9%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 122.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Garden Township | $130K | $195K | +50.0% |
| Galena | $83.6K | $107.9K | +29.1% |
| Galena Township | $164.1K | $166K | +1.2% |
| Shoal Creek Township | $267.5K | $251K | -6.2% |
Housing Supply in Galena, KS
How many homes are available in Galena, KS?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Galena real estate market had 22 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Galena housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Galena, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Galena in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Galena, KS
How long does it take to sell a home in Galena, KS?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 90 Days | +101.5% |
Summary: Homes in Galena had an average of 90 days on market in May 2024, up by 101.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Galena are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Galena; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.