Granite City, IL Home Values & Market Trends
Real estate market trends reflect that there have been 939 transactions over the past year in Granite City. The median value for residential home transactions that occurred over the previous year is $113,739.94. The number of current listings in Granite City is 88, and the percentage of properties for sale in the city is 88.00%. Granite City, IL currently has 135 properties in foreclosure, 18 bank owned properties, 22 properties headed for auction, and 88 properties for sale.
Granite City, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 62040 | $ 119,950 $ 89/sqft |
Housing Market Summary for Granite City, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $78,950 | $107.7K | 36.39% |
| Median Sold Price | $99,656 | $107.7K | 8.05% |
| Homes For Sale | 70 | 68 | -2.86% |
| Homes Sold | 430 | 383 | -10.93% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Granite City, IL
Browse Homes in Granite City, IL
Granite City home values range from $15,670 to $836,200. The median estimated value of a home in Granite City is $113,739.94. The median list price of a home is 119,950, and the total count of properties in the city is 15,146.
- Pre-ForeclosurePre-foreclosure homes account for 0.63% of all residential properties in Granite City, IL with 62040 containing 95 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Granite City, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $319,900 in 62040 to the lowest home value of $24,268 in 62040.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Granite City, IL ranges from the highest value of $165,373 in 62040 to the lowest value of $22,079 in 62040. Bank owned homes and properties account for 0.12% of properties in Granite City, IL. There is 1 zips within Granite City, IL; 62040 containing 18 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions62040 has 22 auction properties, the highest number of properties going to auction in a single zip in the state of Granite City, IL. Auction homes and other auction properties account for 0.15% of all properties in Granite City, IL. There is 1 zips within Granite City, IL; of that zips, the median estimated home value for homes going to auction ranges from $315,118 in 62040 to the lowest value of $22,694 in 62040.
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