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 April 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

$120,000

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,256(+10.4%)

Key Takeaway

Homes in Granite City Township have sold for 10.4% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $30K$25K
-16.7%
2 $84K$85.7K
+2.1%
3 $125K$135.6K
+8.5%
4 $154.9K$162.5K
+4.9%
5+ $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
+47.1%
Venice Township
+15.9%
Nameoki Township
+13.5%
Granite City Township
+10.4%
Granite City
+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 2024Apr 2024CHANGE
134149+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

# BEDSMar 2024Apr 2024CHANGE
1 44
0.0%
2 4150
+22.0%
3 6775
+11.9%
4 1918
-5.3%
5+ 32
-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 2024Apr 2024CHANGE
4453+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Granite City Township, you may be able to get a good deal. 35.8% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
42 Days49 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

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 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.

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

Report Updated 9 Days Ago

Newest Listings in Granite City Township, IL

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