61401 Home Values & Market Trends

There are 9 homes currently listed for 61401. 61401 real estate market trends show that home prices range from $65,000 to $157,000, and the median sales price in the 61401 zip code is $86,870.41. The total number of properties sold within the past twelve months is 587. In 61401, 48 properties are in foreclosure, 3 are bank owned properties,and 6 are headed for auction.

61401 Real Estate Market Overview

CityMedian Est. Value
Galesburg

$ 68,850

$ 61/sqft

Housing Market Summary for 61401

Apr 2023March 2024Change
Median Listing Price$81,900$88,236.57.74%
Median Sold Price$85,848$88,236.52.78%
Homes For Sale136-53.85%
Homes Sold26630414.29%
Price
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Homes For Sale
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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%.

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Browse Homes in 61401

The median list price of a home in Galesburg, is $86,870.41. A total of 9 properties are for sale, and the percentage of properties for sale in the zip code is 9.00%. The total count of 61401 properties is 10,854.

Foreclosure
There is 1 cities within 61401; within this cities, the median estimated home value for homes in foreclosure ranges from $337,220 in galesburg to the lowest value of $24,399 in galesburg. Foreclosure homes account for 0.00% of properties in 61401 with galesburg containing 48 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.36% of all residential properties in 61401 with galesburg containing 39 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 61401; of that cities, the estimated home value for pre-foreclosure homes ranges from $243,043 in galesburg to the lowest home value of $24,399 in galesburg.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 61401 ranges from the highest value of $78,081 in galesburg to the lowest value of $39,802 in galesburg. Bank owned homes and properties account for 0.03% of properties in 61401. There is 1 cities within 61401; galesburg containing 3 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    galesburg has 6 auction properties, the highest number of properties going to auction in a single city in the state of 61401. Auction homes and other auction properties account for 0.06% of all properties in 61401. There is 1 cities within 61401; of that cities, the median estimated home value for homes going to auction ranges from $337,220 in galesburg to the lowest value of $44,415 in galesburg.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.08% of residential properties in 61401 with galesburg containing 9 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 61401; homes for sale in that cities, have a range of median values from $132,363 in galesburg to the lowest value of $26,873 in galesburg.
    Sold Homes
    The median value for recently sold homes ranges from $529,235 in galesburg to the lowest price of $18,190 in galesburg. There is 1 cities within 61401. galesburg has 315 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.90% of properties in 61401.

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      Guide for 61401

      Market Reports
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      See More Articles
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.