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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Joliet Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Joliet Township, IL

How much do homes in Joliet Township, IL cost?

Median Sold Price

$255,337

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$25,337(+11.0%)

Key Takeaway

Homes in Joliet Township have sold for 11% more than they did a year ago.

Summary: The median home sold price in Joliet Township was $255,337 in September 2024, up 11% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $77K$88.5K
+14.9%
2 $180K$210K
+16.7%
3 $239.9K$267.2K
+11.4%
4 $301.6K$328.5K
+8.9%
5+ $275K$351.5K
+27.8%

Summary: Joliet Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 27.8%.

Median Sold Price Compared To Nearby Cities

Crest Hill
+11.4%
Joliet Township
+11.0%
Lockport Township
+6.0%
Joliet
+5.0%

Housing Supply in Joliet Township, IL

How many homes are available in Joliet Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
422426+0.9%

Summary: The Joliet Township real estate market had 426 homes for sale in September 2024, a 0.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 27
+250.0%
2 114110
-3.5%
3 192196
+2.1%
4 9493
-1.1%
5+ 2020
0.0%

Summary: The Joliet Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 250%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
14998-34.2%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

44 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Joliet Township, you could pay more than the asking price. 44.9% of homes here sold above asking price last month.

Summary: A total of 98 homes were sold or pending in Joliet Township in September 2024, down by 34.2% month-over-month. Of the 98 sold homes, 31% were sold under asking, 24% were sold at asking, and 45% were sold over asking.

Days on Market for Joliet Township, IL

How long does it take to sell a home in Joliet Township, IL?

Average Sale Time

Sep 2023Sep 2024CHANGE
15 Days21 Days+41.7%

Summary: Homes in Joliet Township had an average of 21 days on market in Sep 2024, up by 41.7% compared to last year.

Breakdown of Home Sale Times

78 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 98 homes were sold in Joliet Township; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% 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 30 Days Ago

Newest Listings in Joliet Township, IL

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What housing markets are near Joliet Township, IL?