Is Granite City Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Granite City Township has remained a Seller's Market.
Housing Prices in Granite City Township, IL
How much do homes in Granite City Township, IL cost?
Median Sold Price
$120,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Granite City Township was $120,000 in April 2024, up 10.4% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30K | $25K | -16.7% |
2 Bedrooms | $84K | $85.7K | +2.1% |
3 Bedrooms | $125K | $135.6K | +8.5% |
4 Bedrooms | $154.9K | $162.5K | +4.9% |
5+ Bedrooms | $200K | $230K | +15.0% |
Summary: Granite City Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
Madison | $34K | $50K | +47.1% |
Venice Township | $34.5K | $40K | +15.9% |
Nameoki Township | $141K | $160K | +13.5% |
Granite City Township | $108.7K | $120K | +10.4% |
Granite City | $109.8K | $120K | +9.3% |
Housing Supply in Granite City Township, IL
How many homes are available in Granite City Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
134 | 149 | +11.2% |
Summary: The Granite City Township real estate market had 149 homes for sale in April 2024, a 11.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 41 | 50 | +22.0% |
3 Bedrooms | 67 | 75 | +11.9% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Granite City Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 53 | +20.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Granite City Township in April 2024, up by 20.5% month-over-month. Of the 53 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 49 Days | +15.4% |
Summary: Homes in Granite City Township had an average of 49 days on market in Apr 2024, up by 15.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 53 homes were sold in Granite City Township; 43% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.