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 April 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

$247,625

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$47,625(+23.8%)

Key Takeaway

Homes in Joliet Township have sold for 23.8% more than they did a year ago.

Summary: The median home sold price in Joliet Township was $247,625 in April 2024, up 23.8% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $93.9K$88.5K
-5.8%
2 $161.6K$200K
+23.7%
3 $210K$259.4K
+23.5%
4 $240K$326.1K
+35.9%
5+ $250K$305K
+22.0%

Summary: Joliet Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 35.9%, and 5+ bedroom homes increased by 22%.

Median Sold Price Compared To Nearby Cities

Joliet Township
+23.8%
Crest Hill
+13.8%
Lockport Township
+13.0%
Joliet
+4.7%

Housing Supply in Joliet Township, IL

How many homes are available in Joliet Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
317346+9.1%

Summary: The Joliet Township real estate market had 346 homes for sale in April 2024, a 9.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 53
-40.0%
2 8387
+4.8%
3 156161
+3.2%
4 5973
+23.7%
5+ 1422
+57.1%

Summary: The Joliet Township 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 4.8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 57.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
103115+11.7%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

59 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. 51.3% of homes here sold above asking price last month.

Summary: A total of 115 homes were sold or pending in Joliet Township in April 2024, up by 11.7% month-over-month. Of the 115 sold homes, 32% were sold under asking, 17% were sold at asking, and 51% 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

Apr 2023Apr 2024CHANGE
27 Days19 Days-29.7%

Summary: Homes in Joliet Township had an average of 19 days on market in Apr 2024, down by 29.7% compared to last year.

Breakdown of Home Sale Times

95 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 April 2024, 115 homes were sold in Joliet Township; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% 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 16 Days Ago

Newest Listings in Joliet Township, IL

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What housing markets are near Joliet Township, IL?