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Granite City, IL 62040 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Granite City, IL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.27
ActiveActive listings: 3333PendingPending sales: 99
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): $88k$88kSoldMedian sold price (last 6 months): $132k$132k
What homes actually sell for in Granite City, IL
Distribution of 321 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $75k to $185k
$25k to $61k: 46 sales$25k$61k to $96k: 50 sales$96k to $132k: 48 sales$96k$132k to $168k: 55 sales55sales$168k to $203k: 41 sales$168k$203k to $239k: 27 sales$239k to $274k: 15 sales$239k$274k to $310k: 6 salesMedian $132k

What the numbers say

As of September 14, 2026, Resideline is tracking 33 active listings and 9 pending sales in ZIP code 62040. That pending-to-active ratio of 0.27 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $88,000, while the median of the 321 closed sales Resideline tracked over the last six months was $132,000. 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 48 days.

Frequently asked questions

What is the median home price in 62040?

The median closed sale price in Granite City, IL 62040 was $132,000 over the last six months, based on 321 closed sales tracked by Resideline. The middle half of those sales ranged from $75,000 to $185,000.

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

Resideline is currently tracking 9 pending sales against 33 active listings in 62040, a pending-to-active ratio of 0.27. 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

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