From January through December of 2017, there were 611 homes sold, with a median sale price of $55,000. There were 633 homes sold in Granite City in 2016, and the median sales price for the period was also $55,000.
The median sales tax in Granite City for 2017 was $1,487. In 2016, the median sales tax was $1,515. This marks an decrease of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.
The following table compares Granite City to other Madison County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pontoon Beach | 57 | 59 | -3.4% | $73,500 | $100,000 | -26.5% |
| East Alton | 110 | 108 | 1.9% | $65,662.50 | $62,000 | 5.9% |
| Wood River | 193 | 198 | -2.5% | $65,000 | $61,250 | 6.1% |
| Alton | 473 | 485 | -2.5% | $64,000 | $54,000 | 18.5% |
| Roxana | 25 | 24 | 4.2% | $62,490 | $51,500 | 21.3% |
| Granite City | 611 | 633 | -3.5% | $55,000 | $55,000 | 0% |
| New Douglas | 12 | 6 | 100% | $51,450 | $140,000 | -63.3% |
| Livingston | 21 | 12 | 75% | $46,000 | $42,500 | 8.2% |
| Meadowbrook | 10 | 12 | -16.7% | $45,005.50 | $75,000 | -40% |
| Hartford | 20 | 25 | -20% | $43,250 | $35,000 | 23.6% |
| South Roxana | 21 | 28 | -25% | $27,000 | $36,750 | -26.5% |
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