Galena, IN Foreclosures
How much do homes sell for in Galena, IN?
The average home price is currently $273,142.
What’s the average rental cost in Galena, IN?
The average rental price in Galena is $1,366.
What is the most expensive home in Galena?
The most expensive home sold in Galena had a price of $749,300.
What is currently the cheapest priced home in Galena, IN?
The cheapest home for sale in Galena is priced at $100,600.
Living in Galena, IN
Galena, IN is a charming small town that offers a tranquil lifestyle with beautiful natural surroundings. Residents enjoy a close-knit community, excellent educational facilities, and a range of outdoor activities. With a rich cultural heritage and convenient amenities, it's an attractive location for families and nature enthusiasts.
Current Market Conditions in Galena, IN
The real estate market in Galena, IN has been steadily growing, with an increase in demand for family homes and vacation properties. Many investors are attracted to the area's potential for appreciation due to its desirable lifestyle and proximity to urban centers.
Currently, home prices vary significantly, creating opportunities for investors at different price points. The market shows signs of resilience with low inventory and active buyer interest, making it a favorable environment for real estate investment.
Home Value Estimator For Galena, IN
There are currently 35 real estate properties
in Galena, IN,
with a median automated valuation model (AVM) price
of $244,200.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Galena, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Galena, IN,
is $273,142.00, with the most expensive house
in Galena, IN, topping out
at $749,300.00 and the cheapest home
in Galena, IN,
clocking in at $100,600.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Galena, IN!
Rent Prices
In Galena, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Galena, IN, is on
a rollercoaster ride. The
average rent price in Galena, IN,
is $1,366.00. Indeed, when looking to rent in
Galena, IN, you can expect to pay as little
as $860.00 or as much
as $1,970.00,
with the average rent median estimated to
be $1,330.00. The good news is that finding
an affordable and desirable property to rent in Galena, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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