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Featured local agent — Joliet, IL
Sarah Mitchell
Compass Real Estate · Joliet, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Joliet, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$325,000median sale price
How is the Joliet, IL housing market right now?
The median home sale price in Joliet, IL is $325,000, up 12.3% year-over-year. Homes sell in an average of 53 days with 421 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Joliet a buyer's or seller's market?
Joliet, IL is currently a seller's market, based on 2.3 months of supply and homes selling in about 53 days. How we determine this →
Homes sold
186
Last 12 weeks
Days on market
53
Average pace
Active listings
421
2.3 months supply
Sale-to-list
100.2%
Above asking
What does the Joliet housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $325,000 |
| Median list price | $329,000 |
| Year-over-year price change | +12.3% |
| Average days on market | 53 days |
| Active inventory | 421 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 100.2% |
| Median price per sq ft | $190/sq ft |
| Homes sold (latest month) | 186 |
| New listings (latest month) | 212 |
| Listings with a price cut | 18.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Joliet by property type?
How the Joliet, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $359,000 | $195/sq ft | 131 | 51 days |
| Condo / Co-op | $198,750 | $160/sq ft | 18 | 62 days |
| Townhouse | $303,500 | $190/sq ft | 33 | 53 days |
Source: Redfin · Updated monthly
The Joliet housing market is currently classified as a seller's market with a median sale price of $325,000. Prices have risen 12.3% compared to last year, with homes spending an average of 53 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in Joliet
There are currently 421 homes listed for sale in Joliet, Illinois. The median listing price is $329K.
Active listings
421
Homes on market
Median list price
$329K
Avg. days on market
53
Days until sale
New this week
212
Newly listed
Who lives in Joliet?
Population
149,785
Median income
$88,026/yr
Median age
35.3 years
Owner-occupied
73.1%
College grads
25.0%
Avg commute
29.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Joliet?
Zillow home value
$270,919
Zillow rent index
$1,614/mo
Price-to-rent ratio
14.0x
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Joliet?
Joliet is a community of approximately 150K residents with a median age of 35.3 years.The median household income is $88,026, which reflects a relatively affluent area with strong earning potential. 25.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Joliet offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Joliet?
39 schools tracked · 20,758 students
The largest public schools serving Joliet, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Joliet West High School
Grades 9-12 · 3,436 students
Joliet Central High School
Grades 9-12 · 3,383 students
Hufford Junior High School
Grades 6-8 · 1,095 students
Aux Sable Middle Sch
Grades 6-8 · 848 students
Washington Jr High & Academy Prgm
Grades 6-8 · 739 students
Dirksen Junior High School
Grades 6-8 · 655 students
Sator Sanchez Elem School
Grades K-5 · 631 students
Lynne Thigpen Elem School
Grades K-5 · 627 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Joliet, IL?
Want a head-to-head view? Compare Joliet side-by-side with any other U.S. city using our market-comparison tool.
Is Joliet a good real estate investment market?
For investors evaluating Joliet, the price-to-rent ratio of 14.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 12.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Joliet's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Joliet's median home price.
Frequently asked questions
What is the average home price in Joliet?
The median home sale price in Joliet is $325,000, up 12.3% from last year.
How long do homes stay on market in Joliet?
Homes typically spend 53 days on market before going under contract.
What is the median income in Joliet?
The median household income is $88,026 per year.
Is Joliet a buyer's or seller's market?
With 2.3 months of supply, Joliet is currently a seller's market.
What is the Zillow home value estimate for Joliet?
The Zillow Home Value Index (ZHVI) for Joliet is $270,919, representing the typical home value in the area.
What is the median condo price in Joliet?
The median condo/co-op sale price in Joliet, IL is $198,750, compared to $359,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Joliet?
The median single-family home price in Joliet, IL is $359,000 (about $195 per square foot).
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