Call or Text (240) SELL-123

GALESBURG, IL 61401

Real Estate Market Report  ·  Knox County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
68
⇩ 25.3% vs 91 last year
Pending
18
26% pending ratio
Median Price
$118,250
⇧ 17.7% vs $100,425 last year
Average Price
$155,150
⇧ 11% vs $139,760 last year
Days on Market
86
⇧ 32.3% vs 65 days last year

Market Context

Population: 30,809  ·  Density: 96.8/mi²  ·  Median household income: $45,426

Typical home value: $89,691  ·  Homeownership: 61.2%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The GALESBURG, IL real estate market (61401) currently shows 68 active listings, with 18 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory has tightened compared to last year, with 23 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 86 days on market compared to 65 days last year.

The median listing price has risen 17.7% year-over-year, from $100,425 to $118,250.

Whether you are buying or selling in GALESBURG, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for GALESBURG, IL 61401 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 68 this year vs 91 last year
  • Days on market: 86 now vs 65 last year

Median & Average Pricing

Year over Year
  • Median: $118,250 (+17.7% YoY)
  • Average: $155,150 (+11% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.1 miles — 131 listings ($21,406,950 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61401Galesburg, IL 614010.0 mi68$10,550,200$118,250$155,150
61439Henderson, IL 614396.2 mi1$135,000$135,000$135,000
61423Cameron, IL 614237.2 mi2$79,900$39,950$39,950
61410Abingdon, IL 6141010.2 mi6$985,440$74,900$164,240
61472Rio, IL 6147211.0 mi2$280,900$140,450$140,450
61466North Henderson, IL 6146612.5 mi1$114,500$114,500$114,500
61462Monmouth, IL 6146213.9 mi30$4,471,320$139,000$149,044
61485Victoria, IL 6148516.0 mi2$2,379,900$1,189,950$1,189,950
61414Altona, IL 6141417.5 mi1$91,900$91,900$91,900
61465New Windsor, IL 6146518.5 mi4$502,000$88,500$125,500
61486Viola, IL 6148619.9 mi5$783,210$150,833$156,642
61415Avon, IL 6141520.2 mi7$794,780$79,950$113,540
61572Yates City, IL 6157221.1 mi2$237,900$118,950$118,950

Frequently Asked Questions

How many homes are for sale in GALESBURG, IL 61401?

As of January 2026, there are 68 active listings in GALESBURG, IL (zip code 61401), compared to 91 the prior year.

What is the median home price in GALESBURG, IL 61401?

The median listing price in GALESBURG, IL 61401 is $118,250 as of January 2026, a 17.7% increase from $100,425 the prior year.

How long do homes stay on the market in GALESBURG, IL?

Homes in GALESBURG, IL 61401 spend an average of 86 days on the market before going under contract, compared to 65 days the prior year.

Is it a seller's or buyer's market in GALESBURG, IL 61401?

Based on current inventory and days-on-market data as of January 2026, GALESBURG, IL 61401 is currently a Balanced Market. Inventory has tightened compared to last year, with 23 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 86 days on market compared to 65 days last year.

How much can I save on real estate commission in GALESBURG, IL?

With SELL123.com's maximum 3% commission, sellers in GALESBURG, IL 61401 save an estimated $2,365 compared to a typical 5% commission on the median listing price of $118,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.