Question 1

What is the median sold price in Galloway Park?

Accepted Answer

The median sold price in Galloway Park is $753,700 based on 4 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Galloway Park?

Accepted Answer

The average sold price in Galloway Park is $722,975. Note that the average ($722,975) is lower than the median ($753,700), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Galloway Park?

Accepted Answer

Home prices in Galloway Park range from $560,000 to $824,500 based on recent sales data. This $264,500 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Galloway Park selling above or below asking price?

Accepted Answer

On average, homes in Galloway Park are selling at 98.2% of their asking price. This means homes are selling very close to asking price with minimal negotiation room. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Galloway Park?

Accepted Answer

Homes in Galloway Park are selling in an average of 37 days. This indicates a seller's market with strong demand. Buyers have reasonable time to make decisions without feeling rushed.

Question 6

What is the price per square foot in Galloway Park?

Accepted Answer

The average price per square foot in Galloway Park is $415. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $830,000.

Question 7

Are home prices rising or falling in Galloway Park?

Accepted Answer

Home prices in Galloway Park have increased by 10.1% over the past 2 years. The average sold price moved from $717,500 to $789,900. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 8

Is Galloway Park a buyer's or seller's market?

Accepted Answer

Based on current data, Galloway Park is a slight seller's market. Homes are selling in 37 days on average and at 98.2% of asking price. Sellers have an advantage, but buyers can still find opportunities with well-crafted offers.

Question 9

What percentage of homes sell above asking price in Galloway Park?

Accepted Answer

In Galloway Park, 0% of homes sold above asking price, while 75% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 10

What size homes are selling in Galloway Park?

Accepted Answer

Homes selling in Galloway Park range from 1,570 to 2,442 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 11

How much do home prices vary in Galloway Park?

Accepted Answer

Galloway Park shows relatively consistent pricing with a standard deviation of $101,707 around the average price of $722,975. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 12

How do I find out how much a house sold for in Galloway Park?

Accepted Answer

Simply search our Galloway Park sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 13

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Galloway Park will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 14

Do you show all MLS® sold listings for Galloway Park?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Galloway Park. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Recently Sold Homes in Galloway Park, Rural Strathcona County

Galloway Park Sold Data Overview

Recently Sold in Galloway Park

Understanding the Galloway Park Market

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Galloway Park compare to Rural Strathcona County?

More neighbourhoods in Rural Strathcona County

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