Is Joliet, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Joliet has remained a Seller's Market.
Housing Prices in Joliet, IL
How much do homes in Joliet, IL cost?
Median Sold Price
$273,100
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Joliet was $273,100 in June 2024, up 6.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84.1K | $90K | +7.0% |
2 Bedrooms | $199.9K | $215K | +7.6% |
3 Bedrooms | $260.5K | $281K | +7.9% |
4 Bedrooms | $345K | $365K | +5.8% |
5+ Bedrooms | $320K | $355K | +10.9% |
Summary: Joliet housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Cities
Joliet Township | $210K | $250K | +19.0% |
Crest Hill | $230K | $255K | +10.9% |
Troy Township | $291.8K | $315K | +7.9% |
Joliet | $255.5K | $273.1K | +6.9% |
Housing Supply in Joliet, IL
How many homes are available in Joliet, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
479 | 524 | +9.4% |
Summary: The Joliet real estate market had 524 homes for sale in June 2024, a 9.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 92 | 108 | +17.4% |
3 Bedrooms | 238 | 238 | 0.0% |
4 Bedrooms | 119 | 147 | +23.5% |
5+ Bedrooms | 25 | 28 | +12.0% |
Summary: The Joliet housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 17.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
153 | 159 | +3.9% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
100 Homes Were Sold
Over Asking
Summary: A total of 159 homes were sold or pending in Joliet in June 2024, up by 3.9% month-over-month. Of the 159 sold homes, 23% were sold under asking, 14% were sold at asking, and 63% were sold over asking.
Days on Market for Joliet, IL
How long does it take to sell a home in Joliet, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 13 Days | -24.6% |
Summary: Homes in Joliet had an average of 13 days on market in Jun 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
141 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 159 homes were sold in Joliet; 89% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.