Is Joliet, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$269,961
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Joliet was $269,961 in April 2024, up 4.7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93.9K | $90K | -4.2% |
2 Bedrooms | $199.9K | $215K | +7.6% |
3 Bedrooms | $264.7K | $280K | +5.8% |
4 Bedrooms | $348K | $358.9K | +3.2% |
5+ Bedrooms | $299K | $351.5K | +17.6% |
Summary: Joliet housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
Joliet Township | $199.9K | $247.6K | +23.8% |
Crest Hill | $224K | $255K | +13.8% |
Joliet | $257.9K | $269.9K | +4.7% |
Troy Township | $290.5K | $301.4K | +3.8% |
Housing Supply in Joliet, IL
How many homes are available in Joliet, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
384 | 437 | +13.8% |
Summary: The Joliet real estate market had 437 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 85 | 91 | +7.1% |
3 Bedrooms | 191 | 211 | +10.5% |
4 Bedrooms | 83 | 106 | +27.7% |
5+ Bedrooms | 20 | 26 | +30.0% |
Summary: The Joliet housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
124 | 139 | +12.1% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
68 Homes Were Sold
Over Asking
Summary: A total of 139 homes were sold or pending in Joliet in April 2024, up by 12.1% month-over-month. Of the 139 sold homes, 29% were sold under asking, 22% were sold at asking, and 49% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 18 Days | -25.7% |
Summary: Homes in Joliet had an average of 18 days on market in Apr 2024, down by 25.7% compared to last year.
Breakdown of Home Sale Times
117 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 139 homes were sold in Joliet; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.