Is Granite City Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Granite City Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Granite City Township has remained a Seller's Market.

Key Takeaway

Granite City Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Granite City Township, IL

How much do homes in Granite City Township, IL cost?

Median Sold Price

$122,713

$96/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,713(+4.9%)

Key Takeaway

Homes in Granite City Township have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Granite City Township was $122,713 in October 2024, up 4.9% from last year, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $29.7K$15.2K
-48.7%
2 $85K$92.2K
+8.5%
3 $129.1K$148K
+14.6%
4 $162.5K$174.6K
+7.5%
5+ $102K$200K
+96.1%

Summary: Granite City Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.7%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 96.1%.

Median Sold Price Compared To Nearby Cities

Madison
+186.2%
Venice Township
+90.5%
Nameoki Township
+13.2%
Granite City Township
+4.9%
Granite City
+4.9%

Housing Supply in Granite City Township, IL

How many homes are available in Granite City Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
158179+13.3%

Summary: The Granite City Township real estate market had 179 homes for sale in October 2024, a 13.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 66
0.0%
2 4461
+38.6%
3 8487
+3.6%
4 2223
+4.5%
5+ 22
0.0%

Summary: The Granite City Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 38.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4939-20.4%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Granite City Township, you could pay more than the asking price. 41% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in Granite City Township in October 2024, down by 20.4% month-over-month. Of the 39 sold homes, 33% were sold under asking, 26% were sold at asking, and 41% were sold over asking.

Days on Market for Granite City Township, IL

How long does it take to sell a home in Granite City Township, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days44 Days+43.4%

Summary: Homes in Granite City Township had an average of 44 days on market in Oct 2024, up by 43.4% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Granite City Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 39 homes were sold in Granite City Township; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Granite City Township, IL

Nearby Markets to Granite City Township, IL

What housing markets are near Granite City Township, IL?