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Featured local agent — Galesburg, MI
Sarah Mitchell
Compass Real Estate · Galesburg, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Galesburg, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$185,400median sale price
How is the Galesburg, MI housing market right now?
The median home sale price in Galesburg, MI is $185,400, down 19.3% year-over-year. Homes sell in an average of 73 days with 5 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, MI is currently a balanced market, based on 1.7 months of supply and homes selling in about 73 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
73
Average pace
Active listings
5
1.7 months supply
Sale-to-list
91.8%
Below asking
What does the Galesburg housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $185,400 |
| Median list price | $299,900 |
| Year-over-year price change | -19.3% |
| Average days on market | 73 days |
| Active inventory | 5 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 91.8% |
| Median price per sq ft | $172/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Galesburg by property type?
How the Galesburg, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $185,400 | $172/sq ft | 3 | 73 days |
Source: Redfin · Updated monthly
The Galesburg housing market is currently classified as a balanced market with a median sale price of $185,400. Prices have fallen 19.3% compared to last year, with homes spending an average of 73 days on market, indicating 1.7 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 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Galesburg
There are currently 5 homes listed for sale in Galesburg, Michigan. The median listing price is $300K.
Active listings
5
Homes on market
Median list price
$300K
Avg. days on market
73
Days until sale
New this week
1
Newly listed
Who lives in Galesburg?
Population
2,122
Median income
$50,481/yr
Median age
37.6 years
Owner-occupied
61.1%
College grads
8.5%
Avg commute
22.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Galesburg?
Zillow home value
$198,966
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Galesburg?
Galesburg is a community of approximately 2K residents with a median age of 37.6 years.The median household income is $50,481, which represents a working-class community with solid middle-income opportunities. 8.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 61.1%, showing a blend of owner and renter-occupied properties. The average commute time is 22.5 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?
3 schools tracked · 691 students
The largest public schools serving Galesburg, MI 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.
GalesburgAugusta Primary School
Grades PK-4 · 421 students
GalesburgAugusta High School
Grades 8-12 · 256 students
GalesburgAugusta Alternative Education
Grades 9-12 · 14 students
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, MI?
Want a head-to-head view? Compare Galesburg side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Galesburg?
The median home sale price in Galesburg is $185,400, down 19.3% from last year.
How long do homes stay on market in Galesburg?
Homes typically spend 73 days on market before going under contract.
What is the median income in Galesburg?
The median household income is $50,481 per year.
Is Galesburg a buyer's or seller's market?
With 1.7 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 $198,966, representing the typical home value in the area.
How much does a single-family home cost in Galesburg?
The median single-family home price in Galesburg, MI is $185,400 (about $172 per square foot).
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