Is Galena Township, MO 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 Township has remained a Seller's Market.
Housing Prices in Galena Township, MO
How much do homes in Galena Township, MO cost?
Median Sold Price
$166,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Galena Township was $166,000 in May 2024, up 1.2% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66.5K | $50.7K | -23.7% |
2 Bedrooms | $90K | $112K | +24.4% |
3 Bedrooms | $174.6K | $179.3K | +2.7% |
4 Bedrooms | $281.4K | $240.5K | -14.5% |
5+ Bedrooms | $304.4K | $407.5K | +33.8% |
Summary: Galena Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.7%, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes increased by 33.8%.
Median Sold Price Compared To Nearby Cities
Galena | $83.6K | $107.9K | +29.1% |
Joplin | $171.4K | $180K | +5.0% |
Galena Township | $164.1K | $166K | +1.2% |
Shoal Creek Township | $267.5K | $251K | -6.2% |
Housing Supply in Galena Township, MO
How many homes are available in Galena Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
217 | 239 | +10.1% |
Summary: The Galena Township real estate market had 239 homes for sale in May 2024, a 10.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 49 | 60 | +22.4% |
3 Bedrooms | 101 | 108 | +6.9% |
4 Bedrooms | 44 | 45 | +2.3% |
5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Galena Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 51 | +6.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Galena Township in May 2024, up by 6.3% month-over-month. Of the 49 sold homes, 33% were sold under asking, 31% were sold at asking, and 37% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
67 Days | 66 Days | -1.8% |
Summary: Homes in Galena Township had an average of 66 days on market in May 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 51 homes were sold in Galena Township; 22% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.