Galesburg, IL Home Values & Market Trends
Real estate market trends reflect that there have been 429 transactions over the past year in Galesburg. The median value for residential home transactions that occurred over the previous year is $117,445. The number of current listings in Galesburg is 392, and the percentage of properties for sale in the city is 392.00%. Galesburg, IL currently has 64 properties in foreclosure, 6 bank owned properties, 3 properties headed for auction, and 392 properties for sale.
Galesburg, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61401 | $ 117,445 $ 113/sqft |
Housing Market Summary for Galesburg, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $115K | $103K | -10.48% |
| Median Sold Price | $98,972 | $105.4K | 6.47% |
| Homes For Sale | 236 | 372 | 57.63% |
| Homes Sold | 271 | 106 | -60.89% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Galesburg, IL
Browse Homes in Galesburg, IL
Galesburg home values range from $12,000 to $650,000. The median estimated value of a home in Galesburg is $117,445. The median list price of a home is 115,000, and the total count of properties in the city is 604.
- Pre-ForeclosurePre-foreclosure homes account for 9.11% of all residential properties in Galesburg, IL with 61401 containing 55 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Galesburg, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $303,397 in 61401 to the lowest home value of $28,924 in 61401.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Galesburg, IL ranges from the highest value of $109,794 in 61401 to the lowest value of $57,202 in 61401. Bank owned homes and properties account for 0.99% of properties in Galesburg, IL. There is 1 zips within Galesburg, IL; 61401 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61401 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Galesburg, IL. Auction homes and other auction properties account for 0.50% of all properties in Galesburg, IL. There is 1 zips within Galesburg, IL; of that zips, the median estimated home value for homes going to auction ranges from $111,132 in 61401 to the lowest value of $93,685 in 61401.
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Guide for Galesburg, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
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