Galesburg Home Prices & Values

$60,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -0.7% 1-year change
  • No data 1-year forecast

The median home value in Galesburg is $60,700. Galesburg home values have declined -0.7% over the past year. The median list price per square foot in Galesburg is $65, which is lower than the Galesburg Metro average of $71. The median price of homes currently listed in Galesburg is $89,500 while the median price of homes that sold is $56,700.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Galesburg is 2.8%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Galesburg homeowners underwater on their mortgage is 13.5%.

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Relative ZHVI
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Galesburg Market Overview

Data through Jun 30, 2014
  • $60,700 ZHVI
  • No data 1-yr forecast
  • $89,500 Median listing price
  • $56,700 Median sale price
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Galesburg Market Health

Data through Jun 30, 2014
  • 3.9/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 13.5% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 2.8% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Dahinda $205,500 Knoxville $78,900  

Listings & Sales

Data through Jun 30, 2014
  • $65 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 23.8% Listings with price cut
13.7%
Sold below listing
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Galesburg Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$964 Galesburg
$979 Galesburg Metro
$1,310 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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