Galesburg Mortgage Rates & Closing Costs

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  • Trends
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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Galesburg averaged 7.11% for the week of 2026-11-05, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2026-10-29) was 7.17% and one month ago for the week of 2026-10-01, the average rate was 7.21%.

    Galesburg's average rate one year ago was 6.3%.

    For refis of the same type during the week of 2026-11-05, the average rate was 7.48%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2026-11-05 7.18%
    Galesburg 30 Year Fixed Rate 2026-11-05 7.11%
    Galesburg 30 Year Fixed Rate Refi 2026-11-05 7.48%
    Galesburg 15 Year Fixed Rate 2026-11-05 6.47%
    Galesburg 15 Year Fixed Rate Refi 2026-11-05 6.77%
    Galesburg 30 Year FHA 2026-11-05 6.93%
    Galesburg 30 Year FHA Refi 2026-11-05 6.83%
    Galesburg 30 Year USDA 2026-11-05 6.8%
    Galesburg 30 Year USDA Refi 2026-11-05 7.2%
    Galesburg 30 Year VA 2026-11-05 6.96%
    Galesburg 30 Year VA Refi 2026-11-05 6.66%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Galesburg, IL.

    Galesburg Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Galesburg, IL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2025 Avg. 30yFix Rate 2025 Avg. Closing Costs
    CBI Bank & Trust 51 6.88% $2,373
    I. H. MISSISSIPPI VALLEY CREDIT UNION 22 6.20% $2,184
    First Mid Bank & Trust 17 6.49% $2,452
    Servion, Inc. 12 6.50% $3,698
    INB 12 6.61% $2,457
    United Community Bank 11 6.26% $2,596
    QUICKEN LOANS, LLC 11 7.02% $4,808
    Community Mortgage Banc Corporation 11 6.61% $2,354
    CITIZENS EQUITY FIRST 9 6.35% $1,818
    Wells Fargo Bank 7 6.88% $4,118
    UNITED WHOLESALE MORTGAGE, LLC 7 6.55% $4,134
    FLAT BRANCH MORTGAGE, INC. 6 6.58% $3,049
    COMPEER FINANCIAL, FLCA 5 7.34% $3,048
    TOWNE MORTGAGE COMPANY 5 6.22% $4,618
    BROKER SOLUTIONS, INC. 5 7.17% $3,186
    JPMorgan Chase Bank 5 7.17% $1,939
    Morton Community Bank 4 6.88% $2,302
    GREENSTATE CREDIT UNION 4 6.09% $2,669
    PNC Bank 4 6.50% $2,915
    U.S. Bank 3 6.41% $2,549
    Mortgage Research Center, LLC 3 6.79% $2,304
    Busey Bank 3 6.83% $3,025
    Raymond James Bank 2 5.94% $2,099
    MUTUAL OF OMAHA MORTGAGE, INC. 2 7.13% $5,810
    Heartland Bank and Trust Company 2 6.83% $2,570
    MLD MORTGAGE INC. 2 7.44% $3,552
    First Federal Bank 2 6.50% $2,077
    Old National Bank 2 6.13% $2,343
    GUILD MORTGAGE COMPANY 2 6.68% $2,882
    ZILLOW HOME LOANS, LLC 1 7.38% $2,224
    Commerce Bank 1 5.88% $3,525
    Connexus Credit Union 1 6.59% $1,656
    Deere Employees Credit Union 1 5.99% $2,531
    Discover Bank 1 7.33% $0
    DUPACO COMMUNITY 1 6.25% $2,426
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $4,517
    First Bank 1 7.00% $3,384
    GENISYS 1 5.88% $2,436
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.50% $4,960
    GUARANTEED RATE, INC. 1 5.93% $3,525
    HOMESIDE FINANCIAL, LLC 1 6.99% $2,533
    ILLINOIS STATE CREDIT UNION 1 5.88% $1,906
    LOANDEPOT.COM, LLC 1 7.13% $3,433
    Midland States Bank 1 7.25% $4,463
    MORTGAGE CENTER L.C 1 6.00% $4,160
    North Shore Bank FSB 1 6.38% $3,141
    PREMIA MORTGAGE, LLC 1 6.98% $50
    RUHL MORTGAGE, LLC 1 6.25% $2,288
    RUOFF MORTGAGE COMPANY, INC. 1 7.63% $3,115
    Stifel Bank and Trust 1 6.63% $1,704
    The Huntington National Bank 1 6.75% $3,638
    The Loan Store, Inc. 1 7.38% $2,937
    Truist 1 6.99% $2,825
    USAA Federal Savings Bank 1 7.13% $4,041
    AMERISAVE MORTGAGE CORPORATION 1 7.50% $4,839

    Galesburg Average Closing Costs & Other Stats

    Galesburg, IL's 55 lenders originated 797 loans during 2025. The total origination value was $91,815,000, with an average loan value of $115,201.

    Galesburg's average closing costs are $3,102.

    The top Galesburg lender as defined by loan originations is CBI Bank & Trust, with 51 loans originated. Their average total fees are $2,373, which is $189 higher than the next largest lender, I. H. MISSISSIPPI VALLEY CREDIT UNION.

    The lowest fee Galesburg lenders (with over 10 loans originated) are I. H. MISSISSIPPI VALLEY CREDIT UNION ($2,184), Community Mortgage Banc Corporation ($2,354), CBI Bank & Trust ($2,373), First Mid Bank & Trust ($2,452) and INB ($2,457).

    The lowest rate Galesburg lenders (with over 10 loans originated) are I. H. MISSISSIPPI VALLEY CREDIT UNION (6.20%), United Community Bank (6.26%), First Mid Bank & Trust (6.49%), Servion, Inc. (6.50%) and Community Mortgage Banc Corporation (6.61%).

    Galesburg, IL Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2024 Loan Value 2025 Loan Value % Change 2025 Market Share
    CBI Bank & Trust $14,715,000 $16,280,000 10.6% 17.7%
    QUICKEN LOANS, LLC $6,105,000 $5,930,000 -2.9% 6.5%
    Midwest Bank $3,970,000 $5,785,000 45.7% 6.3%
    Mortgage Research Center, LLC $3,635,000 $4,420,000 21.6% 4.8%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $3,665,000 $4,035,000 10.1% 4.4%
    CITIZENS EQUITY FIRST $2,435,000 $2,755,000 13.1% 3.0%
    INB $2,245,000 $2,720,000 21.2% 3.0%
    First Mid Bank & Trust $4,460,000 $2,700,000 -39.5% 2.9%
    Servion, Inc. $700,000 $2,615,000 273.6% 2.8%
    Old National Bank $1,150,000 $2,600,000 126.1% 2.8%
    FLAT BRANCH MORTGAGE, INC. $2,335,000 $2,260,000 -3.2% 2.5%
    TOWNE MORTGAGE COMPANY $455,000 $2,230,000 390.1% 2.4%
    BROKER SOLUTIONS, INC. $2,195,000 $1,960,000 -10.7% 2.1%
    United Community Bank $285,000 $1,805,000 533.3% 2.0%
    COMPEER FINANCIAL, FLCA $25,000 $1,775,000 7,000.0% 1.9%
    UNITED WHOLESALE MORTGAGE, LLC $880,000 $1,610,000 83.0% 1.8%
    GREENSTATE CREDIT UNION $680,000 $1,605,000 136.0% 1.7%
    PNC Bank $15,000 $1,530,000 10,100.0% 1.7%
    Morton Community Bank $1,355,000 $1,385,000 2.2% 1.5%
    JPMorgan Chase Bank $560,000 $1,315,000 134.8% 1.4%
    Community Mortgage Banc Corporation $3,720,000 $1,245,000 -66.5% 1.4%
    Wells Fargo Bank $1,610,000 $1,070,000 -33.5% 1.2%
    U.S. Bank $715,000 $965,000 35.0% 1.1%
    Raymond James Bank $810,000 n/a 0.9%
    FREEDOM MORTGAGE CORPORATION $240,000 $805,000 235.4% 0.9%
    PLAZA HOME MORTGAGE, INC. $280,000 $705,000 151.8% 0.8%
    NAVY FEDERAL CREDIT UNION $550,000 $650,000 18.2% 0.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $220,000 $625,000 184.1% 0.7%
    MLD MORTGAGE INC. $570,000 $615,000 7.9% 0.7%
    GUILD MORTGAGE COMPANY $385,000 $535,000 39.0% 0.6%
    AMERISAVE MORTGAGE CORPORATION $25,000 $495,000 1,880.0% 0.5%
    LOANDEPOT.COM, LLC $185,000 $495,000 167.6% 0.5%
    Flanagan State Bank $480,000 $465,000 -3.1% 0.5%
    Deere Employees Credit Union $550,000 $455,000 -17.3% 0.5%
    Fortress Bank $210,000 $455,000 116.7% 0.5%
    The Federal Savings Bank $455,000 n/a 0.5%
    Busey Bank $205,000 $440,000 114.6% 0.5%
    Commerce Bank $435,000 n/a 0.5%
    North Shore Bank FSB $435,000 n/a 0.5%
    German American State Bank $425,000 n/a 0.5%
    FIRST STATE MORTGAGE SERVICES, LLC $970,000 $415,000 -57.2% 0.5%
    Connexus Credit Union $215,000 $400,000 86.0% 0.4%
    RUHL MORTGAGE, LLC $375,000 n/a 0.4%
    DIGNIFIED HOME LOANS, LLC $325,000 n/a 0.4%
    Figure Lending LLC $235,000 $325,000 38.3% 0.4%
    Regions Bank $250,000 $310,000 24.0% 0.3%
    HOMESIDE FINANCIAL, LLC $450,000 $285,000 -36.7% 0.3%
    PREMIA MORTGAGE, LLC $285,000 n/a 0.3%
    First Federal Bank $270,000 $280,000 3.7% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $90,000 $280,000 211.1% 0.3%
    NEW DAY FINANCIAL, LLC $250,000 n/a 0.3%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $240,000 n/a 0.3%
    GENISYS $235,000 n/a 0.3%
    ILLINOIS STATE CREDIT UNION $235,000 n/a 0.3%
    DuTrac Community Credit Union $225,000 n/a 0.2%
    Peoples National Bank of Kewanee $410,000 $225,000 -45.1% 0.2%
    Heartland Bank and Trust Company $115,000 $220,000 91.3% 0.2%
    American Bank and Trust Company $445,000 $205,000 -53.9% 0.2%
    USAA Federal Savings Bank $195,000 $205,000 5.1% 0.2%
    Farmers National Bank $200,000 n/a 0.2%
    COMPASS MORTGAGE, INC. $195,000 n/a 0.2%
    MORTGAGE CENTER L.C $195,000 n/a 0.2%
    MOVEMENT MORTGAGE, LLC $135,000 $195,000 44.4% 0.2%
    S1L, Inc. $65,000 $185,000 184.6% 0.2%
    Truist $185,000 n/a 0.2%
    Union Federal Savings and Loan Association $45,000 $185,000 311.1% 0.2%
    Discover Bank $105,000 $180,000 71.4% 0.2%
    Coastal Community Bank $80,000 $175,000 118.8% 0.2%
    Stifel Bank and Trust $175,000 n/a 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $165,000 n/a 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $165,000 n/a 0.2%
    Bank of Farmington $175,000 $165,000 -5.7% 0.2%
    Nations Lending Corporation $135,000 $165,000 22.2% 0.2%
    Bank of America $155,000 n/a 0.2%
    PENNYMAC LOAN SERVICES, LLC $495,000 $155,000 -68.7% 0.2%
    Carrington Mortgage Services, LLC $135,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $190,000 $135,000 -28.9% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $240,000 $125,000 -47.9% 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $130,000 $125,000 -3.8% 0.1%
    PENTAGON FEDERAL CREDIT UNION $125,000 n/a 0.1%
    The Huntington National Bank $135,000 $125,000 -7.4% 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $180,000 $115,000 -36.1% 0.1%
    Plains Commerce Bank $735,000 $115,000 -84.4% 0.1%
    Midland States Bank $110,000 n/a 0.1%
    RUOFF MORTGAGE COMPANY, INC. $105,000 n/a 0.1%
    STATE BANK OFTOULON $110,000 $105,000 -4.5% 0.1%
    Arvest Bank $95,000 n/a 0.1%
    GUARANTEED RATE, INC. $455,000 $95,000 -79.1% 0.1%
    LAND HOME FINANCIAL SERVICES, INC. $95,000 n/a 0.1%
    AFFORDABLE MORTGAGE ADVISORS, LLC. $90,000 n/a 0.1%
    Better Banks $90,000 n/a 0.1%
    DEEPHAVEN MORTGAGE LLC $85,000 n/a 0.1%
    First Bank $75,000 n/a 0.1%
    First-Citizens Bank & Trust Company $75,000 n/a 0.1%
    LONGBRIDGE FINANCIAL, LLC $25,000 $75,000 200.0% 0.1%
    The Loan Store, Inc. $65,000 n/a 0.1%
    Blackhawk Bank & Trust $55,000 $55,000 0.0% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $55,000 n/a 0.1%
    GERSHMAN INVESTMENT CORP. $570,000 $55,000 -90.4% 0.1%
    SPRING EQ, LLC $45,000 n/a 0.0%
    Citizens Bank $35,000 n/a 0.0%
    DUPACO COMMUNITY $175,000 $35,000 -80.0% 0.0%
    Goodfield State Bank $35,000 n/a 0.0%
    LAKEVIEW LOAN SERVICING, LLC $35,000 n/a 0.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $25,000 n/a 0.0%

    Galesburg's top lender by overall market share is CBI Bank & Trust, with 17.7% market share. In second place, with 6.5%, is QUICKEN LOANS, LLC, having originated $5,930,000 in loans. In third place, with 6.3%, is Midwest Bank, having originated $5,785,000 in loans. In fourth place, with 4.8%, is Mortgage Research Center, LLC, having originated $4,420,000 in loans. In fifth place, with 4.4%, is I. H. MISSISSIPPI VALLEY CREDIT UNION, having originated $4,035,000 in loans.

    Galesburg Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Galesburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $104,550 (3.3%) $137,069 (1.2%) 0.00 218
    2018-02-01 $99,375 (-4.4%) $134,147 (-0.4%) 0.00 216
    2018-03-01 $105,000 (-4.5%) $144,582 (2.6%) 0.00 233
    2018-04-01 $112,350 (-1.6%) $151,187 (-2.6%) 0.00 244
    2018-05-01 $109,600 (-10.1%) $144,834 (-12.1%) 0.00 262
    2018-06-01 $110,350 (-12.6%) $150,670 (-9.9%) 0.00 283
    2018-07-01 $110,750 (-10.0%) $148,429 (-9.9%) 0.00 309
    2018-08-01 $99,100 (-20.7%) $137,981 (-18.3%) 0.00 330
    2018-09-01 $95,900 (-23.7%) $131,576 (-22.0%) 0.00 324
    2018-10-01 $94,500 (-20.2%) $130,682 (-19.7%) 0.00 312
    2018-11-01 $94,975 (-14.3%) $132,992 (-14.5%) 0.00 278
    2018-12-01 $99,500 (-5.2%) $130,497 (-6.8%) 0.00 234
    2019-01-01 $103,725 (-0.8%) $131,890 (-3.8%) 0.00 224
    2019-02-01 $107,750 (8.4%) $132,685 (-1.1%) 0.00 214
    2019-03-01 $110,500 (5.2%) $140,202 (-3.0%) 0.00 198
    2019-04-01 $113,450 (1.0%) $147,762 (-2.3%) 0.00 187
    2019-05-01 $119,900 (9.4%) $155,289 (7.2%) 0.00 196
    2019-06-01 $112,900 (2.3%) $152,152 (1.0%) 0.00 214
    2019-07-01 $108,225 (-2.3%) $155,451 (4.7%) 0.00 220
    2019-08-01 $96,814 (-2.3%) $155,566 (12.7%) 0.00 225
    2019-09-01 $92,109 (-4.0%) $157,326 (19.6%) 0.00 233
    2019-10-01 $88,850 (-6.0%) $158,500 (21.3%) 0.00 239
    2019-11-01 $84,900 (-10.6%) $150,717 (13.3%) 0.00 242
    2019-12-01 $84,800 (-14.8%) $150,881 (15.6%) 0.00 222
    2020-01-01 $81,325 (-21.6%) $146,861 (11.4%) 0.00 198
    2020-02-01 $84,900 (-21.2%) $150,645 (13.5%) 0.00 179
    2020-03-01 $94,200 (-14.8%) $159,448 (13.7%) 0.00 183
    2020-04-01 $96,075 (-15.3%) $138,588 (-6.2%) 0.00 185
    2020-05-01 $100,450 (-16.2%) $166,423 (7.2%) 0.00 186
    2020-06-01 $104,225 (-7.7%) $167,076 (9.8%) 0.00 174
    2020-07-01 $109,450 (1.1%) $171,686 (10.4%) 0.00 167
    2020-08-01 $107,000 (10.5%) $172,061 (10.6%) 0.00 141
    2020-09-01 $96,950 (5.3%) $165,100 (4.9%) 0.00 131
    2020-10-01 $84,450 (-5.0%) $160,105 (1.0%) 0.00 122
    2020-11-01 $75,625 (-10.9%) $141,649 (-6.0%) 0.00 130
    2020-12-01 $75,875 (-10.5%) $140,960 (-6.6%) 0.00 107
    2021-01-01 $72,000 (-11.5%) $113,415 (-22.8%) 0.00 101
    2021-02-01 $79,900 (-5.9%) $117,263 (-22.2%) 0.00 97
    2021-03-01 $82,700 (-12.2%) $130,077 (-18.4%) 0.00 86
    2021-04-01 $87,900 (-8.5%) $136,719 (-1.4%) 0.00 71
    2021-05-01 $79,900 (-20.5%) $133,530 (-19.8%) 0.00 62
    2021-06-01 $95,900 (-8.0%) $150,559 (-9.9%) 0.00 71
    2021-07-01 $99,900 (-8.7%) $158,490 (-7.7%) 0.00 83
    2021-08-01 $117,450 (9.8%) $157,351 (-8.6%) 0.00 82
    2021-09-01 $129,950 (34.0%) $177,226 (7.3%) 0.00 94
    2021-10-01 $110,900 (31.3%) $169,451 (5.8%) 0.00 97
    2021-11-01 $102,200 (35.1%) $146,232 (3.2%) 0.00 104
    2021-12-01 $96,375 (27.0%) $136,992 (-2.8%) 0.00 100
    2022-01-01 $93,250 (29.5%) $130,841 (15.4%) 0.00 80
    2022-02-01 $100,425 (25.7%) $145,894 (24.4%) 0.00 58
    2022-03-01 $99,000 (19.7%) $149,532 (15.0%) 0.00 55
    2022-04-01 $102,500 (16.6%) $162,160 (18.6%) 0.00 72
    2022-05-01 $99,175 (24.1%) $158,363 (18.6%) 0.00 78
    2022-06-01 $93,950 (-2.0%) $155,165 (3.1%) 0.00 67
    2022-07-01 $96,200 (-3.7%) $160,344 (1.2%) 0.00 73
    2022-08-01 $94,450 (-19.6%) $166,561 (5.9%) 0.00 74
    2022-09-01 $99,575 (-23.4%) $163,119 (-8.0%) 0.00 78
    2022-10-01 $114,950 (3.7%) $168,854 (-0.4%) 0.00 82
    2022-11-01 $117,400 (14.9%) $159,848 (9.3%) 0.00 99
    2022-12-01 $115,000 (19.3%) $166,887 (21.8%) 0.00 89
    2023-01-01 $114,900 (23.2%) $160,181 (22.4%) 0.00 90
    2023-02-01 $125,300 (24.8%) $173,602 (19.0%) 0.00 82
    2023-03-01 $118,300 (19.5%) $173,322 (15.9%) 0.00 66
    2023-04-01 $143,500 (40.0%) $198,608 (22.5%) 0.00 60
    2023-05-01 $127,425 (28.5%) $195,406 (23.4%) 0.00 72
    2023-06-01 $127,950 (36.2%) $203,371 (31.1%) 0.00 79
    2023-07-01 $132,900 (38.2%) $205,653 (28.3%) 0.00 72
    2023-08-01 $125,175 (32.5%) $203,185 (22.0%) 0.00 80
    2023-09-01 $114,750 (15.2%) $173,496 (6.4%) 0.00 68
    2023-10-01 $110,500 (-3.9%) $155,671 (-7.8%) 0.00 79
    2023-11-01 $110,500 (-5.9%) $148,117 (-7.3%) 0.00 79
    2023-12-01 $112,450 (-2.2%) $149,250 (-10.6%) 0.00 74
    2024-01-01 $108,225 (-5.8%) $148,685 (-7.2%) 0.00 71
    2024-02-01 $94,950 (-24.2%) $144,316 (-16.9%) 0.00 68
    2024-03-01 $122,400 (3.5%) $183,432 (5.8%) 0.00 67
    2024-04-01 $143,475 (0.0%) $205,836 (3.6%) 0.00 72
    2024-05-01 $152,925 (20.0%) $207,348 (6.1%) 0.00 88
    2024-06-01 $150,000 (17.2%) $202,366 (-0.5%) 0.00 93
    2024-07-01 $138,200 (4.0%) $184,612 (-10.2%) 0.00 101
    2024-08-01 $129,900 (3.8%) $174,726 (-14.0%) 0.00 91
    2024-09-01 $124,900 (8.9%) $185,939 (7.2%) 0.00 93
    2024-10-01 $123,000 (11.3%) $175,867 (13.0%) 0.00 112
    2024-11-01 $119,900 (8.5%) $165,132 (11.5%) 0.00 110
    2024-12-01 $109,950 (-2.2%) $152,638 (2.3%) 0.00 96
    2025-01-01 $109,925 (1.6%) $151,035 (1.6%) 0.00 89
    2025-02-01 $109,900 (15.8%) $158,997 (10.2%) 0.00 92
    2025-03-01 $129,900 (6.1%) $179,771 (-2.0%) 0.00 91
    2025-04-01 $151,150 (5.4%) $196,632 (-4.5%) 0.00 76
    2025-05-01 $139,900 (-8.5%) $194,132 (-6.4%) 0.00 95
    2025-06-01 $132,400 (-11.7%) $185,021 (-8.6%) 0.00 99
    2025-07-01 $137,400 (-0.6%) $191,755 (3.9%) 0.00 108
    2025-08-01 $149,900 (15.4%) $200,352 (14.7%) 0.00 100
    2025-09-01 $165,925 (32.9%) $234,047 (25.9%) 0.00 111
    2025-10-01 $153,150 (24.5%) $230,687 (31.2%) 0.00 116
    2025-11-01 $149,900 (25.0%) $230,321 (39.5%) 0.00 108
    2025-12-01 $136,925 (24.5%) $227,227 (48.9%) 0.00 95
    2026-01-01 $129,900 (18.2%) $215,240 (42.5%) 0.00 83
    2026-02-01 $134,250 (22.2%) $228,614 (43.8%) 0.00 79
    2026-03-01 $149,950 (15.4%) $212,463 (18.2%) 0.00 87
    2026-04-01 $149,750 (-0.9%) $202,728 (3.1%) 0.00 89
    2026-05-01 $156,000 (11.5%) $197,149 (1.6%) 0.00 99
    2026-06-01 $152,475 (15.2%) $185,265 (0.1%) 0.00 113
    2026-07-01 $145,725 (6.1%) $170,842 (-10.9%) 0.00 122
    2026-08-01 $147,450 (-1.6%) $171,235 (-14.5%) 0.00 116
    2026-09-01 $151,150 (-8.9%) $189,452 (-19.1%) 0.00 122
    2026-10-01 $174,950 (14.2%) $198,947 (-13.8%) 0.00 132
    Galesburg's median listing price for 2026-10-01 was $174,950, a difference of $21,800 (14.2%) versus the prior year and $23,800 versus the prior month.

    Galesburg's median listing price comes in at 0% of the national average.

    Galesburg's average listing price for 2026-10-01 was $198,947, a difference of $-31,740 (-13.8%) versus the prior year and $9,495 versus the prior month.

    For the 2026-10-01 period, Galesburg had 132 MLS listings, a difference of 10 listings (8%) versus the prior month and 16 listings (14%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Galesburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,526 sqft
    2018-02-01 0 days 1,506 sqft
    2018-03-01 0 days 1,520 sqft
    2018-04-01 0 days 1,554 sqft
    2018-05-01 0 days 1,512 sqft
    2018-06-01 0 days 1,510 sqft
    2018-07-01 0 days 1,518 sqft
    2018-08-01 0 days 1,487 sqft
    2018-09-01 0 days 1,488 sqft
    2018-10-01 0 days 1,502 sqft
    2018-11-01 0 days 1,483 sqft
    2018-12-01 0 days 1,501 sqft
    2019-01-01 0 days 1,546 sqft
    2019-02-01 0 days 1,544 sqft
    2019-03-01 0 days 1,569 sqft
    2019-04-01 0 days 1,588 sqft
    2019-05-01 0 days 1,603 sqft
    2019-06-01 0 days 1,664 sqft
    2019-07-01 0 days 1,664 sqft
    2019-08-01 0 days 1,590 sqft
    2019-09-01 0 days 1,578 sqft
    2019-10-01 0 days 1,569 sqft
    2019-11-01 0 days 1,528 sqft
    2019-12-01 0 days 1,520 sqft
    2020-01-01 0 days 1,528 sqft
    2020-02-01 0 days 1,528 sqft
    2020-03-01 0 days 1,540 sqft
    2020-04-01 0 days 1,532 sqft
    2020-05-01 0 days 1,558 sqft
    2020-06-01 0 days 1,542 sqft
    2020-07-01 0 days 1,646 sqft
    2020-08-01 0 days 1,640 sqft
    2020-09-01 0 days 1,606 sqft
    2020-10-01 0 days 1,581 sqft
    2020-11-01 0 days 1,555 sqft
    2020-12-01 0 days 1,532 sqft
    2021-01-01 0 days 1,440 sqft
    2021-02-01 0 days 1,371 sqft
    2021-03-01 0 days 1,400 sqft
    2021-04-01 0 days 1,582 sqft
    2021-05-01 0 days 1,510 sqft
    2021-06-01 0 days 1,442 sqft
    2021-07-01 0 days 1,467 sqft
    2021-08-01 0 days 1,611 sqft
    2021-09-01 0 days 1,639 sqft
    2021-10-01 0 days 1,473 sqft
    2021-11-01 0 days 1,438 sqft
    2021-12-01 0 days 1,462 sqft
    2022-01-01 0 days 1,506 sqft
    2022-02-01 0 days 1,412 sqft
    2022-03-01 0 days 1,399 sqft
    2022-04-01 0 days 1,422 sqft
    2022-05-01 0 days 1,472 sqft
    2022-06-01 0 days 1,452 sqft
    2022-07-01 0 days 1,400 sqft
    2022-08-01 0 days 1,410 sqft
    2022-09-01 0 days 1,349 sqft
    2022-10-01 0 days 1,380 sqft
    2022-11-01 0 days 1,414 sqft
    2022-12-01 0 days 1,410 sqft
    2023-01-01 0 days 1,398 sqft
    2023-02-01 0 days 1,412 sqft
    2023-03-01 0 days 1,429 sqft
    2023-04-01 0 days 1,420 sqft
    2023-05-01 0 days 1,448 sqft
    2023-06-01 0 days 1,548 sqft
    2023-07-01 0 days 1,637 sqft
    2023-08-01 0 days 1,642 sqft
    2023-09-01 0 days 1,602 sqft
    2023-10-01 0 days 1,521 sqft
    2023-11-01 0 days 1,389 sqft
    2023-12-01 0 days 1,521 sqft
    2024-01-01 0 days 1,450 sqft
    2024-02-01 0 days 1,384 sqft
    2024-03-01 0 days 1,466 sqft
    2024-04-01 0 days 1,724 sqft
    2024-05-01 0 days 1,764 sqft
    2024-06-01 0 days 1,604 sqft
    2024-07-01 0 days 1,536 sqft
    2024-08-01 0 days 1,504 sqft
    2024-09-01 0 days 1,539 sqft
    2024-10-01 0 days 1,564 sqft
    2024-11-01 0 days 1,456 sqft
    2024-12-01 0 days 1,384 sqft
    2025-01-01 0 days 1,416 sqft
    2025-02-01 0 days 1,451 sqft
    2025-03-01 0 days 1,598 sqft
    2025-04-01 0 days 1,682 sqft
    2025-05-01 0 days 1,557 sqft
    2025-06-01 0 days 1,556 sqft
    2025-07-01 0 days 1,625 sqft
    2025-08-01 0 days 1,758 sqft
    2025-09-01 0 days 1,748 sqft
    2025-10-01 0 days 1,737 sqft
    2025-11-01 0 days 1,612 sqft
    2025-12-01 0 days 1,586 sqft
    2026-01-01 0 days 1,548 sqft
    2026-02-01 0 days 1,560 sqft
    2026-03-01 0 days 1,565 sqft
    2026-04-01 0 days 1,704 sqft
    2026-05-01 0 days 1,605 sqft
    2026-06-01 0 days 1,625 sqft
    2026-07-01 0 days 1,578 sqft
    2026-08-01 0 days 1,600 sqft
    2026-09-01 0 days 1,600 sqft
    2026-10-01 0 days 1,724 sqft
    Galesburg's median listing age (time on market) for 2026-10-01 was 0 days.

    Galesburg's median square footage for active listings during the 2026-10-01 period was 1,724 sqft. One year prior, the average listing was 1,737 sqft.

    Galesburg, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 478 $63,640,000 $133,138
    Refi 125 $13,795,000 $110,360
    Home Improvement 75 $4,085,000 $54,467
    Cash Out Refi 71 $7,505,000 $105,704
    Other 47 $2,665,000 $56,702
    NA 1 $125,000 $125,000

    Galesburg's most frequently cited loan purpose was Home Purchase, with 478 originations. The 2nd most popular reason was Refi, with 125 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 350 $47,710,000 $136,314
    7-8% 185 $13,935,000 $75,324
    5-6% 110 $17,820,000 $162,000
    Over 8% 72 $4,310,000 $59,861
    <2.5% 5 $35,000 $7,000
    4-5% 2 $670,000 $335,000
    3-4% 1 $65,000 $65,000

    During 2025, Galesburg's most frequently originated rate bucket was 6-7%, with 350 originations.

    Loan Sizing (Galesburg, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 440 $24,200,000 $55,000
    $100k-200k 246 $34,590,000 $140,610
    $200k-400k 92 $23,190,000 $252,065
    $400k-600k 15 $6,935,000 $462,333
    $600k-1000k 4 $2,900,000 $725,000

    Galesburg's loan sizing saw the bucket of loans from $100,000 or less with 440 originations, totaling $24,200,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 322 $46,400,000 $144,099
    60-80% 155 $20,545,000 $132,548
    20-40% 105 $5,685,000 $54,143
    40-60% 77 $8,655,000 $112,403
    Under 20% 59 $2,015,000 $34,153
    Over 100% 1 $385,000 $385,000

    Galesburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 322 originations, totaling $46,400,000 in origination value.