Joliet, IL 60431 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Joliet, IL — 60431
Market Hotness
74
Hotness Rank
#2,798
Hotness Score
74
Supply Score
93
Demand Score
55
DOM vs US
-25.8%
Faster
Price vs US
91%
Below avg
Median Listing Price
$391K
Population
27,138
Households
254,278
Median Days on Market
27
Active Listings
45
New Listings
42
Housing Market
Pricing
Median Listing Price
$391K
+8.3% YoY
Average Listing Price
$386K
+2.0% YoY
Price per Sq Ft
$188
+1.0% YoY
Median Sq Ft
1,993
+9.1% YoY
Inventory
Active Listings
45
+7.2% YoY
New Listings
42
-19.2% YoY
Total Listings
103
+2.0% YoY
Buyer Competition
Pending Listings
59
-1.7% YoY
Pending Ratio
1.31
-11.9% YoY
Median Days on Market
27
+12.4% YoY
Price Reduced
14.8%
-3.0% YoY
FY2026 Fair Market Rent — Will County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,480
/month
1 BR
$1,581
/month
2 BR
$1,781
/month
3 BR
$2,294
/month
4 BR
$2,653
/month
FMR Trends — Will County
Source: HUD Fair Market Rents
Demand Fundamentals
Median Age
39.1
2024
Population
ZIP Population
27,138
+1.3% YoY
Will County Population
708,583
+0.7% YoY
Households
Total Housing Units
254,278
+0.6% YoY
Age
2024 Age Mix
701K
residents
Under 18
165,564
23.6%
Adults 18–64
433,631
61.8%
65 & Over
102,267
14.6%
Age Composition Over Time
2017–2024
Population Under 18
165,564
-1.2% YoY
Population 65 & Over
102,267
+3.9% YoY
Median Age
39.10
+0.5% YoY
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