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 March 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

$246,900

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$51,900(+26.6%)

Key Takeaway

Homes in Joliet Township have sold for 26.6% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $92.8K$88.5K
-4.6%
2 $155K$200K
+29.0%
3 $205K$256.5K
+25.2%
4 $230K$330.8K
+43.8%
5+ $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
+26.6%
Crest Hill
+15.4%
Lockport Township
+11.9%
Joliet
+3.6%

Housing Supply in Joliet Township, IL

How many homes are available in Joliet Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
288324+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

# BEDSFeb 2024Mar 2024CHANGE
1 45
+25.0%
2 8483
-1.2%
3 123157
+27.6%
4 6059
-1.7%
5+ 1720
+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 2024Mar 2024CHANGE
8096+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Joliet Township, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
26 Days27 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

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 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.

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

Report Updated 18 Days Ago

Newest Listings in Joliet Township, IL

Nearby Markets to Joliet Township, IL

What housing markets are near Joliet Township, IL?