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Featured local agent — Galesburg, IL
Sarah Mitchell
Compass Real Estate · Galesburg, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Galesburg, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$121,500median sale price
How is the Galesburg, IL housing market right now?
The median home sale price in Galesburg, IL is $121,500, up 8.7% year-over-year. Homes sell in an average of 44 days with 79 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Galesburg a buyer's or seller's market?
Galesburg, IL is currently a balanced market, based on 3.0 months of supply and homes selling in about 44 days. How we determine this →
Homes sold
26
Last 12 weeks
Days on market
44
Average pace
Active listings
79
3.0 months supply
Sale-to-list
97.3%
Below asking
What does the Galesburg housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $121,500 |
| Median list price | $139,900 |
| Year-over-year price change | +8.7% |
| Average days on market | 44 days |
| Active inventory | 79 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 97.3% |
| Median price per sq ft | $102/sq ft |
| Homes sold (latest month) | 26 |
| New listings (latest month) | 43 |
| Listings with a price cut | 21.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Galesburg by property type?
How the Galesburg, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $121,500 | $102/sq ft | 26 | 44 days |
| Condo / Co-op | $195,000 | $144/sq ft | 1 | 25 days |
| Townhouse | $97,000 | $53/sq ft | 3 | 60 days |
Source: Redfin · Updated monthly
The Galesburg housing market is currently classified as a balanced market with a median sale price of $121,500. Prices have risen 8.7% compared to last year, with homes spending an average of 44 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.4x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Galesburg
There are currently 79 homes listed for sale in Galesburg, Illinois. The median listing price is $140K.
Active listings
79
Homes on market
Median list price
$140K
Avg. days on market
44
Days until sale
New this week
43
Newly listed
Who lives in Galesburg?
Population
29,653
Median income
$45,213/yr
Median age
41.2 years
Owner-occupied
61.2%
College grads
19.3%
Avg commute
16.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Galesburg?
Zillow home value
$106,685
Zillow rent index
$872/mo
Price-to-rent ratio
10.2x
Price-to-income
2.4x
Source: Zillow Research
What is it like to live in Galesburg?
Galesburg is a community of approximately 30K residents with a median age of 41.2 years.The median household income is $45,213, which represents a working-class community with solid middle-income opportunities. 19.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 61.2%, showing a blend of owner and renter-occupied properties. The average commute time is 16.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Galesburg offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Galesburg?
15 schools tracked · 3,904 students
The largest public schools serving Galesburg, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Galesburg Senior High School
Grades 7-12 · 1,735 students
King School
Grades K-4 · 525 students
Steele School
Grades K-4 · 520 students
Lombard Middle School
Grades 5-6 · 517 students
Silas Willard Elem School
Grades K-4 · 427 students
Bright Futures Pre-K Prog
Grades PK-K · 180 students
Knox-Warren SpEd Multi-Needs Prog
Grade range n/a
RAES West
Grades 6-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Galesburg, IL?
Want a head-to-head view? Compare Galesburg side-by-side with any other U.S. city using our market-comparison tool.
Is Galesburg a good real estate investment market?
For investors evaluating Galesburg, the price-to-rent ratio of 10.2x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 8.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Galesburg's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Galesburg's median home price.
Frequently asked questions
What is the average home price in Galesburg?
The median home sale price in Galesburg is $121,500, up 8.7% from last year.
How long do homes stay on market in Galesburg?
Homes typically spend 44 days on market before going under contract.
What is the median income in Galesburg?
The median household income is $45,213 per year.
Is Galesburg a buyer's or seller's market?
With 3.0 months of supply, Galesburg is currently a balanced market.
What is the Zillow home value estimate for Galesburg?
The Zillow Home Value Index (ZHVI) for Galesburg is $106,685, representing the typical home value in the area.
What is the median condo price in Galesburg?
The median condo/co-op sale price in Galesburg, IL is $195,000, compared to $121,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Galesburg?
The median single-family home price in Galesburg, IL is $121,500 (about $102 per square foot).
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