Is Joliet Township, 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 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
$247,625
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93.9K | $88.5K | -5.8% |
2 Bedrooms | $161.6K | $200K | +23.7% |
3 Bedrooms | $210K | $259.4K | +23.5% |
4 Bedrooms | $240K | $326.1K | +35.9% |
5+ Bedrooms | $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 | $199.9K | $247.6K | +23.8% |
Crest Hill | $224K | $255K | +13.8% |
Lockport Township | $256.5K | $290K | +13.0% |
Joliet | $257.9K | $269.9K | +4.7% |
Housing Supply in Joliet Township, IL
How many homes are available in Joliet Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
317 | 346 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 83 | 87 | +4.8% |
3 Bedrooms | 156 | 161 | +3.2% |
4 Bedrooms | 59 | 73 | +23.7% |
5+ Bedrooms | 14 | 22 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 115 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 19 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
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.