Photo: Catching12 · CC BY 3.0529 homes sold in Granite City Township in the last year, at a typical $139K
Redfin reports Granite City Township’s sales by ZIP code, so these figures are for ZIP 62040, which takes in Granite City Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Granite City Township homes are listed.
Every place Granite City Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Granite City Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 97% of Granite City Township’s sales, at a typical $136K (year to May 2026)
529 homes sold in the year to September 2026.
typical sale · 519 sold in the year to May 2026
- Per square foot
- $101IL $180
- Days to sell
- 38
- Sold over asking
- 34%
About as many homes sell as usual, at twice the 2016 price
529 sales in the last year, against 640 in 2021 and a low of 421 in 2014. The typical sale went from $66K in 2016 to $139K.
Source: Redfin Data Center, MLS sales; for ZIP 62040, which takes in Granite City Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $150K buys in Granite City Township
Check a listing against what Granite City Township homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Granite City Township are more common than before the pandemic, but 43% fewer homes come up for sale
We read every month of home sales in ZIP 62040 since 2014 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 529 sales.
If you’re buying in Granite City Township
- Shop in March. It brings about 52 new listings a month, close to the busiest month, with fewer bidding wars (22% over asking).
- Bid near asking. Buyers paid 98.3% of the list price on average; 32% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 62 a month), but August is the most competitive: 30% of August sales close over asking. March and April offer nearly as much choice with fewer homes bid up (22%). February has the least competition (21%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Illinois as a whole
| Granite City Township now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 32% | 14% | 36% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 53% | — | — | 45% |
| Price paid vs. askingAverage sale price ÷ list price | 98.3% | 94.7% | 98.4% | 99% |
| Days to sellMedian days from listing to contract | 39 | 62 | 41 | 51 |
112 homes for sale on a typical day
That’s 1.2 times the 2023 low (94), 43% fewer than in 2017–19 and well under 2016’s 250.
Source: Redfin Data Center, ZIP code tracker; for ZIP 62040, which takes in Granite City Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2014 to September 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Granite City Township home costs about $956 a month
Price: Granite City Township’s typical sale, last 12 months. Property tax at Granite City Township’s 2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Granite City Township is affordable on local pay is on Cost of living.
Five things worth knowing
New listings in July
The month with the most choice. January has the fewest, about 41.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $139K home, about $2,770 a year.
Taxes vs. neighborsTypical commute
The average one-way trip to work for people who live in Granite City Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Granite City, Madison, Glasgow Village, Riverview and Bellefontaine Neighbors sell for less a square foot
The busier markets within 25 miles of Granite City Township, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Granite City Township (ZIP 62040) | 529 | $139K | $102 | 32% | 39 |
| Granite City | 384 | $131K | $98 | 34% | 41 |
| Bellefontaine Neighbors | 147 | $111K | $93 | 26% | 31 |
| Glasgow Village | 95 | $93K | $95 | 19% | 43 |
| Pontoon Beach | 52 | $202K | $123 | 29% | 40 |
| Riverview | 37 | $71K | $58 | 8% | 59 |
| Madison | 25 | $78K | $65 | 24% | 91 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Granite City Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Granite City Township. People who follow the town see it, and so do people comparing Granite City Township with their own town. No commission, no listing fee.
Questions about buying a home in Granite City Township
What do homes sell for in Granite City Township, IL?
529 homes sold in the year to September 2026 at a typical $139K, $102 a square foot.
Is Granite City Township a buyer’s or seller’s market?
A seller’s market: 135 homes were for sale in September 2026 and 51 sold, about 2.6 months of supply. Buyers paid 98.3% of asking on average.
When is the best time to buy in Granite City Township?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Granite City Township?
About 2% of a home’s value a year. On a $139K home that’s near $2,770.
Where can I see homes for sale in Granite City Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Granite City Township’s MLS listings; the search links above open each one filtered to Granite City Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 62040, which takes in Granite City Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).