Is Joliet Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Joliet Township has remained a Seller's Market.
Housing Prices in Joliet Township, IL
How much do homes in Joliet Township, IL cost?
Median Sold Price
$246,900
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Joliet Township was $246,900 in March 2024, up 26.6% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $92.8K | $88.5K | -4.6% |
2 Bedrooms | $155K | $200K | +29.0% |
3 Bedrooms | $205K | $256.5K | +25.2% |
4 Bedrooms | $230K | $330.8K | +43.8% |
5+ Bedrooms | $252K | $300K | +19.0% |
Summary: Joliet Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes increased by 19%.
Median Sold Price Compared To Nearby Cities
Joliet Township | $195K | $246.9K | +26.6% |
Crest Hill | $221K | $255K | +15.4% |
Lockport Township | $254.7K | $285K | +11.9% |
Joliet | $259.6K | $269.1K | +3.6% |
Housing Supply in Joliet Township, IL
How many homes are available in Joliet Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
288 | 324 | +12.5% |
Summary: The Joliet Township real estate market had 324 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 84 | 83 | -1.2% |
3 Bedrooms | 123 | 157 | +27.6% |
4 Bedrooms | 60 | 59 | -1.7% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Joliet Township 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 decreased by 1.2%, 3 bedroom homes increased by 27.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 96 | +20.0% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Joliet Township in March 2024, up by 20.0% month-over-month. Of the 96 sold homes, 33% were sold under asking, 22% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 27 Days | +5.0% |
Summary: Homes in Joliet Township had an average of 27 days on market in Mar 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 96 homes were sold in Joliet Township; 74% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.