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Is Galena, MO 65656 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Galena is a buyer’s market. With about 6.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.9Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market73Listing to accepted offer
Median price per sq ft$210▼ −10.0% vs. last year

The Galena housing market right now

In the three months ending August 31, 2026, 0% of homes in Galena, MO 65656 sold above their list price, the typical home went under contract in 73 days and there were 6.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 20 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (44 days then) and the median sale price rose 37% to $398,328. Overall, Galena is less competitive than a year ago, which gives buyers more room.

Within Stone County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Run the numbers for 65656

Prefilled for 65656Can I win this house?Multiple-offer likelihood for a listing Prefilled for 65656Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Blue Eye 65611Balanced $189 /sq ftCape Fair 65624Buyer’s market $136 /sq ftCrane 65633Balanced $163 /sq ftKimberling City 65686Buyer’s market $197 /sq ft Browse all markets →

Towns like Galena nearby

Find towns like Galena in other states →
Garfield, AR72732 · 38 miles away91% similarVery close on income, prices and more Sparta, MO65753 · 23 miles away90% similarVery close on income, prices and more Billings, MO65610 · 17 miles away87% similarpricier homes ($55K more) · more homeowners Fordland, MO65652 · 39 miles away87% similaryounger residents

Where Galena is

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Questions about Galena real estate

Is Galena a buyer’s or seller’s market?

A buyer’s market: there were 6.9 months of supply in Galena, MO 65656 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Galena?

The typical home went under contract in 73 days in the latest three months.

Do homes in Galena sell over asking?

0% of homes sold above their original list price.

What are property taxes in Galena?

About 0.47% of a home’s value a year in Stone County, or roughly $1,880 on a $400,000 home.

What is the median home price in Galena?

The median sale price was $398,328 in the three months ending August 31, 2026, about $210 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology