Comprehensive market data and analysis• Updated Dec 2025
63.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 5 | 10 | 22 |
| 1-2 acres | - | - | 4 | 9 |
| 2-5 acres | 1 | 1 | 2 | 2 |
| 5-10 acres | - | - | 1 | 1 |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | 2 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 6 | 20 | 37 |
Acreage buckets
The median price for land in Galena, Illinois is currently $13K per acre. For a typical parcel, the median sale price is $13K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $6K while premium lots reached $64K.
Galena, Illinois is currently a strong buyer's market with 63.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Galena, Illinois currently has 63.5 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, Galena, Illinois saw 37 properties sold, totaling $1.6M in sales volume. In just the last 3 months, 6 properties changed hands.
Land in Galena, Illinois typically sells within 157 days of listing. The median time on market is 74 days. Properties are moving slowly in the current strong buyer's market.
Land in Galena, Illinois averages $18K per acre. The median price per acre is $13K, which may be more representative of typical transactions. Most parcels sold are around 39,204 sq ft.
The median land price in Galena, Illinois stands at $13K. This translates to roughly $13K per acre for the typical parcel size. The average price is $44K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.