Altos Market Data for Realtors
Joliet, IL
Single-Family Homes
Schedule a demo today at AltosResearch.com
Joliet, IL
Thu Apr 18 2024
This week the median list price for Joliet, IL is $319,450 with the market action index hovering around 78. This is an increase over last month's market action index of 75. Inventory has increased to 56.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $319,450 | |
| Median Price of New Listings | $269,000 | |
| Per Square Foot | $165 | |
| Average Days on Market | 51 | |
| Median Days on Market | 21 | |
| Price Decreased | 18% | |
| Price Increased | 9% | |
| Relisted | 7% | |
| Inventory | 56 | |
| Median Rent | ||
| Market Action | 78 | |
| Strong Seller's Market | ||
The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $502,495 | 3,260 | 0.25 - 0.5 acre | 4 | 3 | 46 | 5 | 1 | 10 |
| $369,100 | 2,126 | 8,000 - 10,000 sqft | 3 | 2.5 | 18 | 7 | 2 | 17 |
| $250,000 | 1,547 | 6,500 - 8,000 sqft | 3 | 1.5 | 85 | 4 | 5 | 31 |
| $189,950 | 1,119 | 4,500 - 6,500 sqft | 2 | 1 | 114 | 9 | 7 | 3 |