Galena, Illinois, is a picturesque small town nestled in the rolling hills of Jo Daviess County in the northwest corner of the state, often celebrated for its rich history and charming 19th-century architecture. Known as the "Gem of the Midwest," Galena boasts a vibrant Main Street lined with well-preserved historic buildings, boutique shops, art galleries, and cozy restaurants, attracting visitors year-round. Once a bustling hub for lead mining, the town is home to historic sites like the Ulysses S. Grant Home, reflecting its connection to the Civil War general and former president. With a population of about 3,300, Galena offers a serene escape with scenic beauty, outdoor activities like hiking and skiing at nearby resorts, and events such as the Galena Art & Wine Festival, making it a beloved destination for history buffs and tourists seeking small-town charm.
Galena currently has 9 single family homes for sale with an average list price of $448,877.67, 5 townhouses for sale with an average list price of $281,760, 2 condos for sale with an average list price of $186,950, and 24 lots for sale with an average list price of $54,568.75. The average annual property tax for Galena is $4,768.39.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Galena, i.e. what's hot and what's not.
See What's Hot & What's Not in GalenaGalena home sales for the month of July rose in volume by 100% when compared to last year, while the median sale price rose by 34.3% from $198,750 to $267,000. House sales rose by 200%, while the median sale price rose by 170.4% from $99,500 to $269,000. Townhouse sales stayed the same, while the median sale price decreased by 11.1% from $298,000 to $265,000.
29
|
40
|
39
|
30
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$222,500
|
$282,500
|
$250,000
|
$284,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |