Housing Market Report for Joliet, IL

This housing market report uses absorption rates to track supply and demand for Joliet, IL. With 2.1 months of inventory across all segments, conditions currently favor sellers — demand is outpacing supply, homes tend to sell quickly, and prices are likely holding firm or rising. Use the tables below to explore specific price ranges and property types in detail. [Last updated: November 14, 2026]

Seller's Market
Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market
3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market
Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

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Houses

Hottest Segment 🔥
$125k – $150k

Absorption rate of 1.3, with 0.8 months of inventory.

Coolest Segment ❄️
$425k – $450k

With 3.6 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$375k – $400k

31 active listings with 67 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 1.8 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
50k-75k 1 0.2 0 Seller's
75k-100k 1 6 1 1 1 Seller's
100k-125k 2 4 1 0.3 3 Balanced
125k-150k 2 15 3 1.3 0.8 Seller's
150k-175k 4 19 4 0.8 1.3 Seller's
175k-200k 10 38 9 0.6 1.6 Seller's
200k-225k 7 45 16 1.1 0.9 Seller's
225k-250k 12 48 11 0.7 1.5 Seller's
250k-275k 14 53 8 0.6 1.6 Seller's
275k-300k 13 61 9 0.8 1.3 Seller's
300k-325k 12 50 3 0.7 1.4 Seller's
325k-350k 14 65 12 0.8 1.3 Seller's
350k-375k 21 62 11 0.5 2 Seller's
375k-400k 31 67 9 0.4 2.8 Seller's
400k-425k 16 40 6 0.4 2.4 Seller's
425k-450k 23 38 6 0.3 3.6 Balanced
450k-475k 13 29 3 0.4 2.7 Seller's
475k-500k 5 15 2 0.5 2 Seller's
500k-550k 3 8 0.4 2.3 Seller's
550k-600k 1 3 0.5 2 Seller's
600k-650k 1 2 1 0.3 3 Balanced
650k-700k 1 2 0.3 3 Balanced
750k-800k 1 0.2 0 Seller's

Townhouses

Hottest Segment 🔥
$275k – $300k

Absorption rate of 1.9, with 0.5 months of inventory.

Coolest Segment ❄️
$250k – $275k

With 3 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$275k – $300k

2 active listings with 23 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 1.2 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
175k-200k 1 0.2 0 Seller's
200k-225k 1 4 0.7 1.5 Seller's
225k-250k 7 1.2 0 Seller's
250k-275k 10 20 0.3 3 Balanced
275k-300k 2 23 7 1.9 0.5 Seller's
300k-325k 1 10 1 1.7 0.6 Seller's
325k-350k 10 1.7 0 Seller's
375k-400k 1 0

Condos

Hottest Segment 🔥
$300k – $325k

Absorption rate of 1.4, with 0.7 months of inventory.

Coolest Segment ❄️
$100k – $125k

With 24 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$300k – $325k

2 active listings with 17 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 2.7 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
75k-100k 5 1 0.8 0 Seller's
100k-125k 4 1 0 24
125k-150k 6 5 0.1 7.2 Buyer's
150k-175k 1 4 1 0.7 1.5 Seller's
175k-200k 6 12 0.3 3 Balanced
200k-225k 3 3 1 0.2 6 Balanced
225k-250k 8 3 1.3 0 Seller's
250k-275k 5 9 1 0.3 3.3 Balanced
275k-300k 8 15 2 0.3 3.2 Balanced
300k-325k 2 17 5 1.4 0.7 Seller's
325k-350k 5 7 0.2 4.3 Balanced
350k-375k 1 5 0.8 1.2 Seller's
375k-400k 1 0.2 0 Seller's

Land

Hottest Segment 🔥
$0 – $25k

Absorption rate of 0.1, with 9 months of inventory.

Coolest Segment ❄️
$25k – $50k

With 36 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$0 – $25k

9 active listings with 6 sold in the last 6 months.

Market Overview
All Segments

With 26.7 months of inventory overall, buyers currently hold the advantage.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
-25,000-0 1 0
0-25k 9 6 0.1 9 Buyer's
25k-50k 6 1 0 36
50k-75k 3 1 0.1 18 Buyer's
75k-100k 2 0
125k-150k 2 0
175k-200k 1 0
200k-225k 1 0
225k-250k 1 0
250k-275k 1 0
275k-300k 1 0
325k-350k 1 0
400k-425k 1 0
500k-550k 1 0
750k-800k 1 0
850k-900k 1 0
900k-950k 1 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0.2 0 Seller's
2m-2.25m 1 0

Neighboring Cities

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