Is Galena, IL 61036 a buyer’s or seller’s market?

The Galena housing market right now

In the three months ending August 31, 2026, 17% of homes in Galena, IL 61036 sold above their list price, the typical home went under contract in 47 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 66 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold faster (55 days then) and the median sale price fell 2% to $283,377. Overall, Galena is more competitive than a year ago, so tougher for buyers.

Within Jo Daviess County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Galena ranks #445 of 464 IL ZIP codes with enough sales (score 29 out of 100).

Nearby, buyers who want less competition could look at Scales Mound 61075 (0% sold over asking) or Elizabeth 61028 (0% sold over asking), while Hanover 61041 (33% sold over asking) is even more competitive.