Altos Market Data for Realtors

Joliet, IL

Single-Family Homes

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Joliet, IL

Tue Sep 21 2021
This week the median list price for Joliet, IL is $214,950 with the market action index hovering around 64. This is less than last month's market action index of 71. Inventory has held steady at or around 152. Click here to stay informed with the Joliet market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Joliet, IL

Tue Sep 21 2021
This week the median list price for Joliet, IL is $214,950 with the market action index hovering around 64. This is less than last month's market action index of 71. Inventory has held steady at or around 152. Click here to stay informed with the Joliet market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Joliet market.
Median List Price $214,950
Median Price of New Listings $209,900
Per Square Foot $140
Average Days on Market 47
Median Days on Market 28
Price Decreased 37%
Price Increased 1%
Relisted 9%
Inventory 152
Median Rent $1,198
Market Action 64
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$362,490 2,767 0.25 - 0.5 acre 4 2 14 4 4 42
$259,950 1,651 0.25 - 0.5 acre 3 2 41 14 12 14
$175,000 1,095 6,500 - 8,000 sqft 3 1 92 10 8 28
$124,950 1,109 4,500 - 6,500 sqft 3 1 101 11 11 31