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Featured local agent — Granite City, IL
Sarah Mitchell
Compass Real Estate · Granite City, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Granite City, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$137,750median sale price
How is the Granite City, IL housing market right now?
The median home sale price in Granite City, IL is $137,750, up 1.9% year-over-year. Homes sell in an average of 51 days with 78 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Granite City a buyer's or seller's market?
Granite City, IL is currently a balanced market, based on 2.8 months of supply and homes selling in about 51 days. How we determine this →
Homes sold
28
Last 12 weeks
Days on market
51
Average pace
Active listings
78
2.8 months supply
Sale-to-list
99.3%
Below asking
What does the Granite City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $137,750 |
| Median list price | $127,000 |
| Year-over-year price change | +1.9% |
| Average days on market | 51 days |
| Active inventory | 78 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 99.3% |
| Median price per sq ft | $104/sq ft |
| Homes sold (latest month) | 28 |
| New listings (latest month) | 42 |
| Listings with a price cut | 28.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Granite City by property type?
How the Granite City, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $138,000 | $107/sq ft | 25 | 49 days |
| Condo / Co-op | $120,000 | $99/sq ft | 1 | — |
Source: Redfin · Updated monthly
The Granite City housing market is currently classified as a balanced market with a median sale price of $137,750. Prices have risen 1.9% compared to last year, with homes spending an average of 51 days on market, indicating 2.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 1.9x provides context for how home values compare to local earning capacity.
Homes for sale in Granite City
There are currently 78 homes listed for sale in Granite City, Illinois. The median listing price is $127K.
Active listings
78
Homes on market
Median list price
$127K
Avg. days on market
51
Days until sale
New this week
42
Newly listed
Who lives in Granite City?
Population
26,670
Median income
$60,490/yr
Median age
40.1 years
Owner-occupied
71.9%
College grads
16.2%
Avg commute
22.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Granite City?
Zillow home value
$115,883
Zillow rent index
$1,013/mo
Price-to-rent ratio
9.5x
Price-to-income
1.9x
Source: Zillow Research
What is it like to live in Granite City?
Granite City is a community of approximately 27K residents with a median age of 40.1 years.The median household income is $60,490, which represents a working-class community with solid middle-income opportunities. 16.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 71.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Granite City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Granite City?
10 schools tracked · 5,860 students
The largest public schools serving Granite City, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Granite City High School
Grades 9-12 · 1,785 students
Coolidge Junior High Sch
Grades 7-8 · 858 students
Grigsby Intermediate School
Grades 5-6 · 808 students
Prather Elementary School
Grades PK-K · 657 students
Wilson Elem School
Grades 1-2 · 458 students
Frohardt Elem School
Grades 3-4 · 418 students
Mitchell Elementary School
Grades 3-4 · 397 students
Maryville Elem School
Grades 1-2 · 394 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Granite City, IL?
Want a head-to-head view? Compare Granite City side-by-side with any other U.S. city using our market-comparison tool.
Is Granite City a good real estate investment market?
For investors evaluating Granite City, the price-to-rent ratio of 9.5x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 1.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Granite City's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Granite City's median home price.
Frequently asked questions
What is the average home price in Granite City?
The median home sale price in Granite City is $137,750, up 1.9% from last year.
How long do homes stay on market in Granite City?
Homes typically spend 51 days on market before going under contract.
What is the median income in Granite City?
The median household income is $60,490 per year.
Is Granite City a buyer's or seller's market?
With 2.8 months of supply, Granite City is currently a balanced market.
What is the Zillow home value estimate for Granite City?
The Zillow Home Value Index (ZHVI) for Granite City is $115,883, representing the typical home value in the area.
What is the median condo price in Granite City?
The median condo/co-op sale price in Granite City, IL is $120,000, compared to $138,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Granite City?
The median single-family home price in Granite City, IL is $138,000 (about $107 per square foot).
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