Foreclosure Homes in Granite City, IL 62040

Current Market Conditions in Granite City, IL

The real estate market in Granite City has seen a steady increase in demand over the past few years, attributed to its affordable housing and convenient location near St. Louis. With various housing options available, the market continues to attract first-time homebuyers and investors looking for value in the suburbs.

Recent trends show an increase in home prices, up approximately 5% over the last year, as buyers seek out the benefits of living in this close-knit community. The market remains competitive, with properties often receiving multiple offers shortly after listing.

Rent Prices In Granite City, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Granite City, IL, is on a rollercoaster ride. The average rent price in Granite City, IL, is $988.00. Indeed, when looking to rent in Granite City, IL, you can expect to pay as little as $540.00 or as much as $2,350.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Granite City, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.