Galesburg Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Galesburg averaged 6.64% for the week of 2025-04-10, compared to the national average of 6.62% for the same period.

    The average rate for the prior week (2025-04-03) was 6.56% and one month ago for the week of 2025-03-06, the average rate was 6.75%.

    Galesburg's average rate one year ago was 6.74%.

    For refis of the same type during the week of 2025-04-10, the average rate was 6.62%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-10 6.62%
    Galesburg 30 Year Fixed Rate 2025-04-10 6.64%
    Galesburg 30 Year Fixed Rate Refi 2025-04-10 6.62%
    Galesburg 15 Year Fixed Rate 2025-04-10 5.62%
    Galesburg 15 Year Fixed Rate Refi 2025-04-10 5.82%
    Galesburg 30 Year FHA 2025-04-10 6.4%
    Galesburg 30 Year FHA Refi 2025-04-10 6.23%
    Galesburg 30 Year USDA 2025-04-10 6.55%
    Galesburg 30 Year USDA Refi 2025-04-10 6.25%
    Galesburg 30 Year VA 2025-04-10 6.39%
    Galesburg 30 Year VA Refi 2025-04-10 6.29%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CBI Bank & Trust 57 7.16% $2,485
    First Mid Bank & Trust 35 6.39% $2,087
    Community Mortgage Banc Corporation 30 6.38% $2,131
    I. H. MISSISSIPPI VALLEY CREDIT UNION 20 6.36% $2,120
    QUICKEN LOANS, LLC 20 6.89% $4,229
    INB 11 7.23% $2,352
    CITIZENS EQUITY FIRST 10 6.50% $1,195
    FLAT BRANCH MORTGAGE, INC. 9 6.72% $2,712
    BROKER SOLUTIONS, INC. 9 6.93% $5,221
    Wells Fargo Bank 9 6.64% $3,664
    Servion, Inc. 6 6.40% $2,918
    Old National Bank 4 6.91% $2,500
    GREENSTATE CREDIT UNION 3 6.21% $2,004
    MOVEMENT MORTGAGE, LLC 3 7.88% $3,911
    UNITED WHOLESALE MORTGAGE, LLC 3 6.71% $3,707
    Barrington Bank & Trust Company, N.A. 2 7.06% $6,408
    JPMorgan Chase Bank 2 7.00% $1,489
    First Federal Bank 2 6.44% $2,308
    Fortress Bank 2 6.81% $1,881
    U.S. Bank 2 8.00% $3,648
    Deere Employees Credit Union 2 5.99% $2,772
    FIRST STATE MORTGAGE SERVICES, LLC 2 7.31% $6,315
    NAVY FEDERAL CREDIT UNION 1 7.75% $6,971
    NEWREZ LLC 1 7.50% $3,339
    Petefish, Skiles & Co. 1 6.63% $1,584
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.50% $1,760
    Regions Bank 1 6.00% $2,607
    R.I.A. Federal Credit Union 1 6.75% $2,004
    ROYAL UNITED MORTGAGE LLC 1 7.63% $5,817
    S1L, Inc. 1 7.13% $3,196
    SKYONE Federal Credit Union 1 6.38% $3,078
    Summit Credit Union 1 6.38% $1,312
    The First National Bank of Ottawa 1 6.88% $2,130
    The Huntington National Bank 1 5.88% $3,275
    TIB The Independent Bankersbank 1 7.50% $4,107
    TOWNE MORTGAGE COMPANY 1 6.49% $3,587
    UNITED 1 6.88% $2,299
    UNITED HOME LOANS, INC. 1 6.63% $2,692
    American Bank and Trust Company 1 7.13% $2,671
    ZILLOW HOME LOANS, LLC 1 7.00% $5,526
    ANDREWS FEDERAL CREDIT UNION 1 6.00% $2,892
    ASCENTRA 1 6.00% $1,919
    Bankers' Bank 1 6.88% $1,993
    BETTER MORTGAGE CORPORATION 1 6.63% $1,437
    BMO Harris Bank 1 7.50% $2,673
    Busey Bank 1 6.38% $2,645
    Century Mortgage Company DBA Century Lending Company 1 7.63% $3,366
    Discover Bank 1 6.78% $0
    DUPACO COMMUNITY 1 5.75% $5,173
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $4,072
    Flagstar Bank, FSB 1 7.25% $5,344
    Flanagan State Bank 1 5.88% $2,151
    GUILD MORTGAGE COMPANY 1 7.38% $3,566
    Heartland Bank and Trust Company 1 6.88% $2,523
    HOMESIDE FINANCIAL, LLC 1 7.49% $3,540
    LEADERONE FINANCIAL CORPORATION 1 7.25% $4,624
    MLD MORTGAGE INC. 1 7.99% $5,497
    Mortgage Research Center, LLC 1 6.13% $2,585
    Morton Community Bank 1 6.00% $2,046
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $2,806
    Nations Lending Corporation 1 6.25% $7,419

    Galesburg Average Closing Costs & Other Stats

    Galesburg, IL's 61 lenders originated 788 loans during 2024. The total origination value was $88,780,000, with an average loan value of $112,665.

    Galesburg's average closing costs are $3,027.

    The top Galesburg lender as defined by loan originations is CBI Bank & Trust, with 57 loans originated. Their average total fees are $2,485, which is $398 higher than the next largest lender, First Mid Bank & Trust.

    The lowest fee Galesburg lenders (with over 10 loans originated) are CITIZENS EQUITY FIRST ($1,195), First Mid Bank & Trust ($2,087), I. H. MISSISSIPPI VALLEY CREDIT UNION ($2,120), Community Mortgage Banc Corporation ($2,131) and INB ($2,352).

    The lowest rate Galesburg lenders (with over 10 loans originated) are I. H. MISSISSIPPI VALLEY CREDIT UNION (6.36%), Community Mortgage Banc Corporation (6.38%), First Mid Bank & Trust (6.39%), CITIZENS EQUITY FIRST (6.50%) and QUICKEN LOANS, LLC (6.89%).

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    CBI Bank & Trust $14,535,000 $14,715,000 1.2% 16.6%
    WALKER & DUNLOP, LLC $10,885,000 n/a 12.3%
    QUICKEN LOANS, LLC $4,910,000 $6,105,000 24.3% 6.9%
    First Mid Bank & Trust $5,050,000 $4,460,000 -11.7% 5.0%
    Midwest Bank $4,030,000 $3,970,000 -1.5% 4.5%
    Community Mortgage Banc Corporation $2,440,000 $3,720,000 52.5% 4.2%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $3,310,000 $3,665,000 10.7% 4.1%
    Mortgage Research Center, LLC $2,150,000 $3,635,000 69.1% 4.1%
    CITIZENS EQUITY FIRST $2,370,000 $2,435,000 2.7% 2.7%
    FLAT BRANCH MORTGAGE, INC. $1,725,000 $2,335,000 35.4% 2.6%
    INB $3,495,000 $2,245,000 -35.8% 2.5%
    BROKER SOLUTIONS, INC. $950,000 $2,195,000 131.1% 2.5%
    Wells Fargo Bank $1,390,000 $1,610,000 15.8% 1.8%
    Morton Community Bank $1,370,000 $1,355,000 -1.1% 1.5%
    Old National Bank $1,405,000 $1,150,000 -18.1% 1.3%
    FIRST STATE MORTGAGE SERVICES, LLC $470,000 $970,000 106.4% 1.1%
    Barrington Bank & Trust Company, N.A. $460,000 $935,000 103.3% 1.1%
    UNITED WHOLESALE MORTGAGE, LLC $1,430,000 $880,000 -38.5% 1.0%
    Plains Commerce Bank $735,000 n/a 0.8%
    TRIAD FINANCIAL SERVICES, INC. $920,000 $735,000 -20.1% 0.8%
    U.S. Bank $955,000 $715,000 -25.1% 0.8%
    Servion, Inc. $890,000 $700,000 -21.3% 0.8%
    GREENSTATE CREDIT UNION $925,000 $680,000 -26.5% 0.8%
    BANKORION $585,000 n/a 0.7%
    GERSHMAN INVESTMENT CORP. $1,205,000 $570,000 -52.7% 0.6%
    MLD MORTGAGE INC. $570,000 n/a 0.6%
    JPMorgan Chase Bank $240,000 $560,000 133.3% 0.6%
    Deere Employees Credit Union $255,000 $550,000 115.7% 0.6%
    NAVY FEDERAL CREDIT UNION $150,000 $550,000 266.7% 0.6%
    Flagstar Bank, FSB $515,000 n/a 0.6%
    PENNYMAC LOAN SERVICES, LLC $85,000 $495,000 482.4% 0.6%
    Flanagan State Bank $210,000 $480,000 128.6% 0.5%
    GUARANTEED RATE, INC. $595,000 $455,000 -23.5% 0.5%
    TOWNE MORTGAGE COMPANY $455,000 n/a 0.5%
    HOMESIDE FINANCIAL, LLC $420,000 $450,000 7.1% 0.5%
    American Bank and Trust Company $320,000 $445,000 39.1% 0.5%
    Peoples National Bank of Kewanee $410,000 n/a 0.5%
    GUILD MORTGAGE COMPANY $55,000 $385,000 600.0% 0.4%
    Bank of Pontiac $355,000 n/a 0.4%
    Summit Credit Union $340,000 n/a 0.4%
    Northeast Security Bank $325,000 n/a 0.4%
    Quad City Bank and Trust Company $305,000 n/a 0.3%
    United Community Bank $530,000 $285,000 -46.2% 0.3%
    PLAZA HOME MORTGAGE, INC. $710,000 $280,000 -60.6% 0.3%
    First Federal Bank $120,000 $270,000 125.0% 0.3%
    BMO Harris Bank $255,000 n/a 0.3%
    MARINE $255,000 n/a 0.3%
    Regions Bank $295,000 $250,000 -15.3% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $95,000 $240,000 152.6% 0.3%
    FREEDOM MORTGAGE CORPORATION $240,000 n/a 0.3%
    Figure Lending LLC $235,000 n/a 0.3%
    LEADERONE FINANCIAL CORPORATION $90,000 $230,000 155.6% 0.3%
    ROYAL UNITED MORTGAGE LLC $35,000 $225,000 542.9% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $890,000 $220,000 -75.3% 0.2%
    Connexus Credit Union $200,000 $215,000 7.5% 0.2%
    Fortress Bank $625,000 $210,000 -66.4% 0.2%
    Busey Bank $190,000 $205,000 7.9% 0.2%
    Midwest Heritage Bank FSB $205,000 n/a 0.2%
    USAA Federal Savings Bank $625,000 $195,000 -68.8% 0.2%
    ZILLOW HOME LOANS, LLC $150,000 $190,000 26.7% 0.2%
    LOANDEPOT.COM, LLC $115,000 $185,000 60.9% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $330,000 $180,000 -45.5% 0.2%
    Bank of Farmington $535,000 $175,000 -67.3% 0.2%
    DUPACO COMMUNITY $175,000 n/a 0.2%
    NEWREZ LLC $280,000 $170,000 -39.3% 0.2%
    Equity Prime Mortgage LLC $155,000 n/a 0.2%
    T2 FINANCIAL LLC $155,000 n/a 0.2%
    Third Federal Savings and Loan Association of Cleveland $155,000 n/a 0.2%
    VILLAGE CAPITAL MORTGAGE $155,000 n/a 0.2%
    MidAmerica National Bank $425,000 $145,000 -65.9% 0.2%
    ASCENTRA $110,000 $140,000 27.3% 0.2%
    Brighton Bank $135,000 n/a 0.2%
    MOVEMENT MORTGAGE, LLC $135,000 n/a 0.2%
    Nations Lending Corporation $135,000 n/a 0.2%
    Petefish, Skiles & Co. $135,000 n/a 0.2%
    The Huntington National Bank $135,000 n/a 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $130,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $125,000 n/a 0.1%
    Heartland Bank and Trust Company $305,000 $115,000 -62.3% 0.1%
    R.I.A. Federal Credit Union $430,000 $115,000 -73.3% 0.1%
    Union Savings Bank $115,000 n/a 0.1%
    STATE BANK OFTOULON $295,000 $110,000 -62.7% 0.1%
    ANDREWS FEDERAL CREDIT UNION $105,000 n/a 0.1%
    Discover Bank $35,000 $105,000 200.0% 0.1%
    UNION HOME MORTGAGE CORP. $100,000 n/a 0.1%
    Bankers' Bank $95,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $90,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $185,000 $85,000 -54.1% 0.1%
    Century Mortgage Company DBA Century Lending Company $85,000 n/a 0.1%
    The First National Bank of Ottawa $45,000 $85,000 88.9% 0.1%
    UNITED $85,000 n/a 0.1%
    Coastal Community Bank $25,000 $80,000 220.0% 0.1%
    TIB The Independent Bankersbank $125,000 $75,000 -40.0% 0.1%
    Havana National Bank $70,000 n/a 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $65,000 n/a 0.1%
    S1L, Inc. $65,000 n/a 0.1%
    SKYONE Federal Credit Union $65,000 n/a 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $345,000 $65,000 -81.2% 0.1%
    UNITED HOME LOANS, INC. $65,000 n/a 0.1%
    Blackhawk Bank & Trust $55,000 n/a 0.1%
    Union Federal Savings and Loan Association $410,000 $45,000 -89.0% 0.1%
    AMERISAVE MORTGAGE CORPORATION $360,000 $25,000 -93.1% 0.0%
    COMPEER FINANCIAL, FLCA $475,000 $25,000 -94.7% 0.0%
    Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $25,000 n/a 0.0%
    PNC Bank $130,000 $15,000 -88.5% 0.0%

    Galesburg's top lender by overall market share is CBI Bank & Trust, with 16.6% market share. In second place, with 12.3%, is WALKER & DUNLOP, LLC, having originated $10,885,000 in loans. In third place, with 6.9%, is QUICKEN LOANS, LLC, having originated $6,105,000 in loans. In fourth place, with 5.0%, is First Mid Bank & Trust, having originated $4,460,000 in loans. In fifth place, with 4.5%, is Midwest Bank, having originated $3,970,000 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 $124,800 (8.8%) $185,338 (6.8%) 0.00 94
    2024-10-01 $119,900 (8.5%) $176,525 (13.4%) 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
    Galesburg's median listing price for 2025-03-01 was $129,900, a difference of $7,500 (6.1%) versus the prior year and $20,000 versus the prior month.

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

    Galesburg's average listing price for 2025-03-01 was $179,771, a difference of $-3,661 (-2.0%) versus the prior year and $20,774 versus the prior month.

    For the 2025-03-01 period, Galesburg had 91 MLS listings, a difference of -1 listings (-1%) versus the prior month and 24 listings (36%) 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 1,411 sqft
    2022-12-01 0 days 1,404 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 1,568 sqft
    2024-10-01 0 days 1,534 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
    Galesburg's median listing age (time on market) for 2025-03-01 was 0 days.

    Galesburg's median square footage for active listings during the 2025-03-01 period was 1,598 sqft. One year prior, the average listing was 1,466 sqft.

    Galesburg, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 505 $58,215,000 $115,277
    Refi 104 $19,480,000 $187,308
    Home Improvement 79 $4,185,000 $52,975
    Other 51 $2,295,000 $45,000
    Cash Out Refi 49 $4,605,000 $93,980

    Galesburg's most frequently cited loan purpose was Home Purchase, with 505 originations. The 2nd most popular reason was Refi, with 104 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 278 $33,050,000 $118,885
    7-8% 221 $21,555,000 $97,534
    Over 8% 134 $7,260,000 $54,179
    5-6% 77 $20,255,000 $263,052

    During 2024, Galesburg's most frequently originated rate bucket was 6-7%, with 278 originations.

    Loan Sizing (Galesburg, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 498 $26,210,000 $52,631
    $100k-200k 215 $29,615,000 $137,744
    $200k-400k 67 $18,015,000 $268,881
    $400k-600k 5 $2,505,000 $501,000
    $600k-1000k 2 $1,550,000 $775,000
    $Over $1MM 1 $10,885,000 $10,885,000

    Galesburg's loan sizing saw the bucket of loans from $100,000 or less with 498 originations, totaling $26,210,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 331 $51,535,000 $155,695
    60-80% 127 $16,845,000 $132,638
    20-40% 100 $4,920,000 $49,200
    Under 20% 63 $1,495,000 $23,730
    40-60% 52 $4,390,000 $84,423
    Over 100% 7 $915,000 $130,714

    Galesburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 331 originations, totaling $51,535,000 in origination value.