The present housing market in Galena is down with high active listings and low sales volume. The median home price of $564,500 represents a moderate 14.0% increase from this time last year. With 3 active listings, inventory is 200% higher than seasonal norms. Properties are selling within just 14 days on average, much faster than the historical norm of 33 days. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Galena market with the affordability index at 4951.8. Looking ahead, the Galena market is expected to maintain its current trajectory with relatively stable conditions.