Galena, IN Foreclosures
How much do homes sell for in Galena, IN?
The average home price is currently $275,389.
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, Indiana, is a charming small town with a friendly community and abundant outdoor activities. Known for its scenic landscapes, it offers residents a peaceful lifestyle. There is an array of local shops, restaurants, and parks that enhance the quality of life.
Current Market Conditions in Galena, IN
The real estate market in Galena is currently stable, with home prices showing moderate growth over the past year. Demand for properties, particularly those near parks and recreational areas, has been increasing as more people seek to move to small towns for a quieter lifestyle.
The trend indicates a healthy interest in home-buying as buyers are attracted to the area's affordability and community charm. However, inventory levels are tightening, leading to competitive bidding situations for well-priced homes.
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 $275,389.00, 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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