Joliet, IL Home Values & Market Trends

Real estate market trends reflect that there have been 1,556 transactions over the past year in Joliet. The median value for residential home transactions that occurred over the previous year is $239,148.61. The number of current listings in Joliet is 42, and the percentage of properties for sale in the city is 42.00%. Joliet, IL currently has 340 properties in foreclosure, 12 bank owned properties, 51 properties headed for auction, and 42 properties for sale.

Joliet, IL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
60435

$ 234,071

$ 155/sqft

60432

$ 259,113

$ 169/sqft

60431

$ 338,684

$ 178/sqft

60433

$ 149,950

$ 156/sqft

60436

$ 199,228

$ 164/sqft

Housing Market Summary for Joliet, IL

Mar 2023February 2024Change
Median Listing Price$225K$234.7K4.31%
Median Sold Price$222K$234.7K5.73%
Homes For Sale374213.51%
Homes Sold9051,00911.49%
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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 Joliet, IL

Joliet home values range from $20,938 to $2,927,338. The median estimated value of a home in Joliet is $239,148.61. The median list price of a home is 230,000, and the total count of properties in the city is 34,704.

Foreclosure
There are 5 zips within Joliet, IL; within these zips, the median estimated home value for homes in foreclosure ranges from $709,248 in 60435 to the lowest value of $53,450 in 60435. Foreclosure homes account for 0.00% of properties in Joliet, IL with 60435 containing 134 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.80% of all residential properties in Joliet, IL with 60435 containing 113 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Joliet, IL; of those zips, the estimated home value for pre-foreclosure homes ranges from $478,668 in 60431 to the lowest home value of $53,450 in 60435.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Joliet, IL ranges from the highest value of $273,020 in 60435 to the lowest value of $130,680 in 60436. Bank owned homes and properties account for 0.03% of properties in Joliet, IL. There are 5 zips within Joliet, IL; 60433 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    60435 has 19 auction properties, the highest number of properties going to auction in a single zip in the state of Joliet, IL. Auction homes and other auction properties account for 0.15% of all properties in Joliet, IL. There are 5 zips within Joliet, IL; of those zips, the median estimated home value for homes going to auction ranges from $288,334 in 60431 to the lowest value of $79,000 in 60431.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.12% of residential properties in Joliet, IL with 60435 containing 15 homes for sale, the highest number of listed properties in a single zip. There are 5 zips within Joliet, IL; homes for sale in those zips, have a range of median values from $646,839 in 60431 to the lowest value of $103,782 in 60435.
    Sold Homes
    The median value for recently sold homes ranges from $654,231 in 60431 to the lowest price of $30,099 in 60431. There are 5 zips within Joliet, IL. 60435 has 376 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.77% of properties in Joliet, IL.

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      Guide for Joliet, IL

      Market Reports
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      Wholesale
      What Is a Zombie Property?
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      Boston Real Estate: A Year of Growth – Market Report March 2024
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      Honolulu’s Real Estate Trend – Report of 2023-2024
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      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.

      What Is a Zombie Property?
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      Learn what a Zombie property is and how to avoid your home becoming one.

      Boston Real Estate: A Year of Growth – Market Report March 2024
      Market Reports|posted 14 March 2024

      This analysis highlights the significant growth in Boston’s real estate market with increasing property values, and the diversity of pricing in its neighborhoods. It presents a dynamic market catering to a wide range of buyers and investors, from high-end to more economic entry points.

      Honolulu’s Real Estate Trend – Report of 2023-2024
      Market Reports|posted 14 March 2024

      Honolulu’s real estate market exhibits a mix of stability and fluctuation in property values, with trends varying across nearby cities. Factors influencing these trends include property sizes, local demand dynamics, economic conditions, and global events. Investors and homebuyers need a comprehensive understanding of these conditions for well-informed decisions.