Is Joliet, IL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Joliet is a seller's market


Difference Since March 2023

Since last year, Joliet has remained a Seller's Market.

Key Takeaway

Joliet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Joliet, IL

How much do homes in Joliet, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Joliet have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Joliet was $269,146 in March 2024, up 3.6% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $92.8K$90K
2 $196.6K$210.6K
3 $264.9K$275.2K
4 $347.5K$357.6K
5+ $299K$347.5K

Summary: Joliet housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 16.2%.

Median Sold Price Compared To Nearby Cities

Joliet Township
Crest Hill
Troy Township

Housing Supply in Joliet, IL

How many homes are available in Joliet, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Joliet real estate market had 393 homes for sale in March 2024, a 12.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 45
2 8787
3 144190
4 9385
5+ 2326

Summary: The Joliet housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 31.9%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 13%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

55 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Joliet, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.

Summary: A total of 115 homes were sold or pending in Joliet in March 2024, up by 9.5% month-over-month. Of the 115 sold homes, 31% were sold under asking, 21% were sold at asking, and 48% 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

Mar 2023Mar 2024CHANGE
25 Days25 Days-1.4%

Summary: Homes in Joliet had an average of 25 days on market in Mar 2024, down by 1.4% compared to last year.

Breakdown of Home Sale Times

89 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Joliet are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 115 homes were sold in Joliet; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Joliet, IL

Nearby Markets to Joliet, IL

What housing markets are near Joliet, IL?