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Granite City, IL 62040 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Granite City, IL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.23
ActiveActive listings: 3030PendingPending sales: 77
Granite City, IL: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $89k$89kSoldMedian sold price (last 6 months): $135k$135k
What homes actually sell for in Granite City, IL
Distribution of 313 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $80k to $190k
$24k to $60k: 39 sales$24k$60k to $97k: 48 sales$97k to $133k: 52 sales$97k$133k to $170k: 59 sales59sales$170k to $206k: 36 sales$170k$206k to $242k: 28 sales$242k to $279k: 15 sales$242k$279k to $315k: 5 salesMedian $135k

What the numbers say

As of October 5, 2026, Resideline is tracking 30 active listings and 7 pending sales in ZIP code 62040. That pending-to-active ratio of 0.23 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $88,750, while the median of the 313 closed sales Resideline tracked over the last six months was $135,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 62040 for 69 days.

Frequently asked questions

What is the median home price in 62040?

The median closed sale price in Granite City, IL 62040 was $135,000 over the last six months, based on 313 closed sales tracked by Resideline. The middle half of those sales ranged from $80,000 to $189,900.

Is 62040 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 30 active listings in 62040, a pending-to-active ratio of 0.23. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 62040 currently looks like a balanced market.

Nearby ZIP code market data

Full Granite City, IL housing market report →

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