Is Galesburg, IL 61401 a buyer’s or seller’s market?
Galesburg is a seller’s market. With about 2.9 months of supply and 28% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply2.9Under 4 months = seller’s market
Sold above original list28.2%Share of sales, last 3 months
Median sale-to-list96.2%Sold price ÷ list price
Median days on market39Listing to accepted offer
Median price per sq ft$91▲ +8.2% vs. last year
Run the numbers for 61401
Nearby markets
Abingdon 61410Seller’s market $79 /sq ftAltona 61414Balanced $91 /sq ftDahinda 61428Seller’s market $185 /sq ftEast Galesburg 61430Seller’s market $126 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology