Home Values

Joliet Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$115,800

  • -1.1% 1-year change
  • 0.3% 1-year forecast

The median home value in Joliet is $115,800. Joliet home values have declined -1.1% over the past year and Zillow predicts they will rise 0.3% within the next year. The median list price per square foot in Joliet is $84, which is lower than the Chicago Metro average of $130. The median price of homes currently listed in Joliet is $125,000 while the median price of homes that sold is $130,000. The median rent price in Joliet is $1,150, which is lower than the Chicago Metro median of $1,629.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Joliet is 8.5%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Joliet homeowners underwater on their mortgage is 31.8%, which is higher than Chicago Metro at 25.1%.

Read more
Relative ZHVI
- +

Joliet Market Overview

Data through Feb 28, 2015
  • $115,800 ZHVI
  • 0.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $125,000 Median listing price
  • $130,000 Median sale price (Jan 31, 2015)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Joliet Market Health

Data through Feb 28, 2015
  • 0.1/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 31.8% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 8.5% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Shorewood $207,400
Plainfield $199,000
Channahon $185,200
Name Median ZHVI
Lockport $169,800
Elwood $151,400
Romeoville $138,300
Name Median ZHVI
Crest Hill $131,600
Fairmont $107,400
Rockdale $103,200

Listings & Sales

Data through Feb 28, 2015
  • $84 Median list price / sq ft
  • $84 Median sale price / sq ft (Jan 31, 2015)
  • 19.0% Listings with price cut
33.7%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Joliet Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,360 Joliet
    $1,600 Chicago Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,150 Rent list price
  • $0.97 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading