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GRANITE CITY, IL 62040

Real Estate Market Report  ·  Madison County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The GRANITE CITY, IL real estate market (62040) currently shows 127 active listings, with 56 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 42 days on market compared to 38 days last year.

The median listing price has risen 9.4% year-over-year, from $117,000 to $127,950.

Whether you are buying or selling in GRANITE CITY, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 40,716  ·  Density: 394.1/mi²  ·  Median household income: $59,542

Typical home value: $102,008  ·  Homeownership: 72.0%

Market Overview

Active Listings
127
⇩ 5.2% vs 134 last year
Pending
56
44% pending ratio
Median Price
$127,950
⇧ 9.4% vs $117,000 last year
Average Price
$145,377
⇧ 1.7% vs $143,015 last year
Days on Market
42
⇧ 10.5% vs 38 days last year

Price Per Square Foot

Median $/sqft
$113
⇧ 22.8% vs $92/sqft last year
Median Home Size
1,139 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 127 this year vs 134 last year
  • Days on market: 42 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $127,950 (+9.4% YoY)
  • Average: $145,377 (+1.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.9 miles — 637 listings ($74,360,802 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62040Granite City, IL 620400.0 mi116$17,176,700$129,900$148,075
62048Hartford, IL 620484.3 mi3$195,000$65,000$65,000
62204East Saint Louis, IL 622045.9 mi13$172,029$12,000$13,233
63147Saint Louis, MO 631476.4 mi28$2,326,632$77,500$83,094
62234Collinsville, IL 622346.8 mi59$11,688,195$182,175$198,105
63138Saint Louis, MO 631387.2 mi52$6,664,112$116,250$128,156
63102Saint Louis, MO 631027.3 mi7$976,500$144,500$139,500
63106Saint Louis, MO 631067.6 mi5$439,585$88,750$87,917
63101Saint Louis, MO 631017.7 mi23$5,683,185$201,175$247,095
63115Saint Louis, MO 631157.9 mi51$3,042,099$60,000$59,649
62203East Saint Louis, IL 622038.0 mi12$474,516$35,000$39,543
63136Saint Louis, MO 631368.8 mi239$23,210,485$95,000$97,115
63113Saint Louis, MO 631138.9 mi29$2,311,764$45,000$79,716

Frequently Asked Questions

How many homes are for sale in GRANITE CITY, IL 62040?

As of March 2026, there are 127 active listings in GRANITE CITY, IL (zip code 62040), compared to 134 the prior year.

What is the median home price in GRANITE CITY, IL 62040?

The median listing price in GRANITE CITY, IL 62040 is $127,950 as of March 2026, a 9.4% increase from $117,000 the prior year.

How long do homes stay on the market in GRANITE CITY, IL?

Homes in GRANITE CITY, IL 62040 spend an average of 42 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in GRANITE CITY, IL 62040?

Based on current inventory and days-on-market data as of March 2026, GRANITE CITY, IL 62040 is currently a Balanced Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 42 days on market compared to 38 days last year.

How much can I save on real estate commission in GRANITE CITY, IL?

With SELL123.com's maximum 3% commission, sellers in GRANITE CITY, IL 62040 save an estimated $2,559 compared to a typical 5% commission on the median listing price of $127,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.