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Galesburg, IL 61401 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Galesburg, IL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.29
ActiveActive listings: 3131PendingPending sales: 99
Galesburg, IL: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $80k$80kSoldMedian sold price (last 6 months): $112k$112k
What homes actually sell for in Galesburg, IL
Distribution of 255 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $70k to $167k
$26k to $60k: 41 sales$26k$60k to $94k: 42 sales$94k to $129k: 59 sales59sales$94k$129k to $163k: 33 sales$163k to $197k: 28 sales$163k$197k to $232k: 16 sales$232k to $266k: 5 sales$232k$266k to $300k: 5 salesMedian $112k

What the numbers say

As of September 14, 2026, Resideline is tracking 31 active listings and 9 pending sales in ZIP code 61401. That pending-to-active ratio of 0.29 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $80,000, while the median of the 255 closed sales Resideline tracked over the last six months was $112,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 61401 for 70 days.

Frequently asked questions

What is the median home price in 61401?

The median closed sale price in Galesburg, IL 61401 was $112,000 over the last six months, based on 255 closed sales tracked by Resideline. The middle half of those sales ranged from $69,900 to $167,000.

Is 61401 a buyer's or seller's market?

Resideline is currently tracking 9 pending sales against 31 active listings in 61401, a pending-to-active ratio of 0.29. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 61401 currently looks like a balanced market.

Nearby ZIP code market data

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