62040 Home Values & Market Trends

There are 96 homes currently listed for 62040. 62040 real estate market trends show that home prices range from $6,900 to $320,000, and the median sales price in the 62040 zip code is $113,764.91. The total number of properties sold within the past twelve months is 947. In 62040, 150 properties are in foreclosure, 20 are bank owned properties,and 22 are headed for auction.

Housing Market Summary for 62040

Apr 2023March 2024Change
Median Listing Price$78,950$107.7K36.39%
Median Sold Price$99,656$107.7K8.05%
Homes For Sale7068-2.86%
Homes Sold430383-10.93%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 62040

The median list price of a home in Granite City, is $113,764.91. A total of 96 properties are for sale, and the percentage of properties for sale in the zip code is 96.00%. The total count of 62040 properties is 15,155.

Foreclosure
There is 1 cities within 62040; within this cities, the median estimated home value for homes in foreclosure ranges from $319,900 in granite city to the lowest value of $22,079 in granite city. Foreclosure homes account for 0.00% of properties in 62040 with granite city containing 150 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.71% of all residential properties in 62040 with granite city containing 108 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 62040; of that cities, the estimated home value for pre-foreclosure homes ranges from $319,900 in granite city to the lowest home value of $24,268 in granite city.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 62040 ranges from the highest value of $165,373 in granite city to the lowest value of $22,079 in granite city. Bank owned homes and properties account for 0.13% of properties in 62040. There is 1 cities within 62040; granite city containing 20 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    granite city has 22 auction properties, the highest number of properties going to auction in a single city in the state of 62040. Auction homes and other auction properties account for 0.15% of all properties in 62040. There is 1 cities within 62040; of that cities, the median estimated home value for homes going to auction ranges from $315,118 in granite city to the lowest value of $22,694 in granite city.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.63% of residential properties in 62040 with granite city containing 96 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 62040; homes for sale in that cities, have a range of median values from $319,900 in granite city to the lowest value of $25,574 in granite city.
    Sold Homes
    The median value for recently sold homes ranges from $447,769 in granite city to the lowest price of $15,764 in granite city. There is 1 cities within 62040. granite city has 499 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.29% of properties in 62040.

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      Guide for 62040

      Market Reports
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      See More Articles
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.