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GRANITE CITY, IL 62040

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

Market Overview

Active Listings
128
⇩ 0.8% vs 129 last year
Pending
56
44% pending ratio
Median Price
$129,900
⇧ 18.6% vs $109,500 last year
Average Price
$152,311
⇧ 18% vs $129,083 last year
Days on Market
77
⇧ 13.2% vs 68 days last year

Market Context

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

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

Market Analysis

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

The GRANITE CITY, IL real estate market (62040) currently shows 128 active listings, with 56 pending sales. Homes are averaging 77 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 77 days on market compared to 68 days last year.

The median listing price has risen 18.6% year-over-year, from $109,500 to $129,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 128 this year vs 129 last year
  • Days on market: 77 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $129,900 (+18.6% YoY)
  • Average: $152,311 (+18% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.9 miles — 628 listings ($85,567,116 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62040Granite City, IL 620400.0 mi128$19,495,808$129,900$152,311
62048Hartford, IL 620484.3 mi3$397,800$139,900$132,600
62204East Saint Louis, IL 622045.9 mi4$64,900$13,450$16,225
63147Saint Louis, MO 631476.4 mi25$1,971,850$77,400$78,874
62234Collinsville, IL 622346.8 mi65$15,568,475$177,500$239,515
63138Saint Louis, MO 631387.2 mi49$12,038,075$129,000$245,675
63102Saint Louis, MO 631027.3 mi8$1,122,800$142,200$140,350
63106Saint Louis, MO 631067.6 mi6$543,426$85,000$90,571
63101Saint Louis, MO 631017.7 mi25$6,112,900$199,450$244,516
63115Saint Louis, MO 631157.9 mi46$2,639,388$50,000$57,378
62203East Saint Louis, IL 622038.0 mi9$503,928$45,000$55,992
63136Saint Louis, MO 631368.8 mi231$22,742,874$97,500$98,454
63113Saint Louis, MO 631138.9 mi29$2,364,892$49,900$81,548

Frequently Asked Questions

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

As of January 2026, there are 128 active listings in GRANITE CITY, IL (zip code 62040), compared to 129 the prior year.

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

The median listing price in GRANITE CITY, IL 62040 is $129,900 as of January 2026, a 18.6% increase from $109,500 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 77 days on the market before going under contract, compared to 68 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 January 2026, GRANITE CITY, IL 62040 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 77 days on market compared to 68 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 $2,598 compared to a typical 5% commission on the median listing price of $129,900. 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.