Will County, IL Home Values & Market Trends

The median home price in Will County, IL is $326,989.13. There were 8,540 home sales in Will County, IL over the past 12 months. The median residential Will County, IL home value for transactions over the previous year is $291,306.133. The number of current listings in Will County, IL is 223, and the percentage of properties for sale is 223.00%. The county has 493 foreclosures, 58 bank owned properties, 181 headed for auction, and 223 properties for sale.

Will County, IL Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Aurora

$ 232,133

$ 180/sqft

Monee

$ 362,669

$ 148/sqft

Naperville

$ 553,103

$ 220/sqft

Crest Hill

$ 274,900

$ 199/sqft

Joliet

$ 260,021

$ 162/sqft

University Park

$ 219,229

$ 104/sqft

Plainfield

$ 380,235

$ 172/sqft

Manhattan

$ 349,042

$ 168/sqft

Bolingbrook

$ 298,547

$ 169/sqft

New Lenox

$ 684,749

$ 203/sqft

Mokena

$ 433,305

$ 146/sqft

Wilmington

$ 188,750

$ 118/sqft

Romeoville

$ 239,782

$ 170/sqft

Channahon

$ 357,000

$ 168/sqft

Frankfort

$ 457,342

$ 160/sqft

Shorewood

$ 373,760

$ 176/sqft

Crete

$ 250,967

$ 126/sqft

Peotone

$ 399,900

$ 222/sqft

Braidwood

$ 259,700

$ 139/sqft

Beecher

$ --

$ --

Lockport

$ 327,434

$ 173/sqft

Elwood

$ --

$ --

Homer Glen

$ 469,900

$ 223/sqft

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Housing Market Summary for Will County, IL

Mar 2023February 2024Change
Median Listing Price$284.7K$316.9K11.30%
Median Sold Price$311.3K$316.9K1.79%
Homes For Sale237226-4.64%
Homes Sold5,4995,8927.15%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Will County, IL

Will County, IL home values range from $18,172 to $4,938,675. New Lenox is the priciest city with a median listing home price of $632,436.5, and University Park is most affordable with average house prices of around $149,900.

Foreclosure
There are 23 cities within Will County, IL; within these cities, the median estimated home value for homes in foreclosure ranges from $733,143 in Joliet to the lowest value of $43,741 in Joliet. Foreclosure homes account for 0.00% of properties in Will County, IL with Joliet containing 121 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.12% of all residential properties in Will County, IL with Joliet containing 58 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 23 cities within Will County, IL; of those cities, the estimated home value for pre-foreclosure homes ranges from $486,994 in Homer Glen to the lowest home value of $43,741 in Joliet.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Will County, IL ranges from the highest value of $397,490 in Frankfort to the lowest value of $109,900 in University Park. Bank owned homes and properties account for 0.03% of properties in Will County, IL. There are 23 cities within Will County, IL; Joliet containing 12 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Joliet has 51 auction properties, the highest number of properties going to auction in a single city in the state of Will County, IL. Auction homes and other auction properties account for 0.09% of all properties in Will County, IL. There are 23 cities within Will County, IL; of those cities, the median estimated home value for homes going to auction ranges from $695,891 in Frankfort to the lowest value of $79,000 in Frankfort.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.11% of residential properties in Will County, IL with Aurora containing 71 homes for sale, the highest number of listed properties in a single city. There are 23 cities within Will County, IL; homes for sale in those cities, have a range of median values from $399,900 in Peotone to the lowest value of $74,490 in Joliet.
    Sold Homes
    The median value for recently sold homes ranges from $1,362,605 in Homer Glen to the lowest price of $18,592 in Homer Glen. There are 23 cities within Will County, IL. Naperville has 1404 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.77% of properties in Will County, IL.

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      Guide for Will County, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      A new home
      Home Buying Financing
      How Much Should You Spend On Your First Home?
      Buy to Rent
      How To Choose The Right Property Management Tool
      Buy to Rent
      6 Tips For Dealing With Difficult Tenants
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      A new home
      How Much Should You Spend On Your First Home?
      Home Buying Financing|posted 6 March 2024

      Buying your first home is an exciting and significant milestone in life. It’s a decision that requires careful consideration, especially when it comes to finances. Understanding how much you should spend on your first home is crucial to ensure a smooth and stress-free buying process. In this article, we will explore the basics of home […]

      How To Choose The Right Property Management Tool
      Buy to Rent|posted 5 March 2024

      Learn how to select the perfect property management tool for your real estate business.

      6 Tips For Dealing With Difficult Tenants
      Buy to Rent|posted 5 March 2024

      Discover 6 practical tips to effectively handle challenging tenants and maintain a harmonious landlord-tenant relationship.