Real Estate Market Update for Joliet, IL

Video: Real Estate Community Tour for Joliet, IL

See Real estate community tour for Joliet, IL
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 20% from one year earlier, and down 7% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 1%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 130-thousand dollars. The number of units sold increased 7% year-over-year, and increased 33% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Joliet, IL
Area Information for Joliet, IL
  • Population: 150,646
  • Median Age: 31.15 yr
  • Median Commute Time: 21.84 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 2,425/sq mi
  • Population Change Since 2000: 37.42%
  • Closest Airport: Chicago Midway International
  • Closest College: University Of Saint Francis
  • Closest Jr. College: Joliet Junior College
  • Median Household Income: $62,424
  • Annual Residential Turnover: 13.52%
  • Median Years in Residence: 3.93 yr
  • Median Home Sales Price: $128,500
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 30%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Joliet, IL
Median Age: 31.15 Married: 30% Number of Households: 49,962 Households with Children: 22,269
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Joliet, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Forest Park Individual Ed School 9.3 mi Public K-5 2 5
      Chaney Elementary School 9.6 mi Public K-8 1 3
      Gompers Junior High School 9.7 mi Public 6-8 1 2
      Isaac Singleton Elem Sch 9.8 mi Public K-5 2 0
      Sator Sanchez Elem School 9.8 mi Public K-5 1 3
      Lincoln School 9.9 mi Public 7-12 0 0
      Will County Safe School 9.9 mi Public 6-12 0 0
      A O Marshall Elem School 10.1 mi Public PRESCHOOL-5 1 4
      Joliet Montessori 10.5 mi Private PRESCHOOL-8 0 5
      Richland Grade School 10.6 mi Public PRESCHOOL-4 3 3
      Richland Jr High School 10.6 mi Public 5-8 2 0
      T E Culbertson Elementary School 10.6 mi Public K-5 2-5 2
      Cunningham Elem School 10.7 mi Public K-5 1 4
      St Mary Nativity 10.7 mi Catholic PRESCHOOL-8 0 4
      Eisenhower Academy 10.8 mi Public 1-5 5 5
      Spanish Comm Center 10.8 mi Private PRESCHOOL-5 0 0
      Premier Academy High School 10.9 mi Public 9-12 0 0
      Joliet Twp High Sch Alternate 11.0 mi Public 9-12 0 0
      Dillard Harris Educational Cntr 11.0 mi Private 2-12 0 3
      Joliet Central High School 11.1 mi Public 9-12 1 3
      Franciscan Learning Center 11.2 mi Catholic PRESCHOOL-K 0 0
      Woodland Elem School 11.2 mi Public K-5 1 3
      Cathedral Of St Raymond School 11.2 mi Catholic PRESCHOOL-8 0 3
      Taft Elementary School 11.2 mi Public K-5 3-5 3
      St Peter Lutheran School 11.3 mi Private K-8 0 0
      Farragut Elem School 11.4 mi Public K-5 1 2
      Crystal Lawns Elem School 11.4 mi Public K-5 3 5
      Joliet Catholic Academy 11.5 mi Catholic 9-12 0 4
      Edna Keith Elem School 11.5 mi Public K-5 1 3
      Joseph E Fisher School 11.5 mi Public PRESCHOOL-8 0 3
      Hopewell School 11.6 mi Private 9-12 0 0
      Washington Junior High School 11.6 mi Public 6-8 1 3
      Little Explorers Montessori 11.6 mi Private PRESCHOOL-K 0 0
      Hufford Junior High School 11.6 mi Public 6-8 2-5 4
      Thompson Instructional Center 11.9 mi Public K-8 0 2
      St Patrick Grade School 12.0 mi Catholic PRESCHOOL-8 0 0
      Carl Sandburg Elementary 12.0 mi Public K-5 1 4
      Our Savior Lutheran Preschool 12.0 mi Private PRESCHOOL-K 0 0
      Pershing Elem School 12.1 mi Public K-5 2-5 3
      Union Elementary School 12.2 mi Public K-8 2-5 3
      Joliet West High School 12.3 mi Public 9-12 2 3
      Grand Prairie Elem School 12.3 mi Public K-5 3 5
      St Paul The Apostle 12.4 mi Catholic PRESCHOOL-8 0 4
      Ucp Melvin J Larson Center 12.5 mi Private PRESCHOOL-12 0 0
      Dirksen Junior High School 12.5 mi Public 6-8 2-5 3
      Lynne Thigpen Elem School 12.6 mi Public K-5 1 2
      Kindercare Learning Center # 1002 12.7 mi Private PRESCHOOL-K 0 0
      Oak Valley Elem School 12.9 mi Public PRESCHOOL-1 0 0
      Troy Craughwell School 13.0 mi Public K-4 3-5 4
      Thomas Jefferson Elementary School 13.0 mi Public K-5 2 4
      Rockdale Elem School 13.3 mi Public K-8 2-5 4
      St Jude 13.3 mi Catholic PRESCHOOL-8 0 4
      Marycrest Elem School 13.4 mi Public PRESCHOOL-PRESCHOOL 0 0
      Laraway Elem School 14.1 mi Public 2-8 1 3
      Troy Crossroads Elem School 14.6 mi Public PRESCHOOL-4 4 4
      Holy Family 14.9 mi Catholic PRESCHOOL-8 0 4
      Troy Heritage Trail School 14.9 mi Public K-4 2-5 4
      Trinity Christian School 15.0 mi Private PRESCHOOL-8 0 5
      Troy Hofer Elem School 15.1 mi Public PRESCHOOL-4 3-5 5
      Troy Shorewood School 15.5 mi Public K-4 3-5 4
      Shorewood Early Learning 15.5 mi Catholic PRESCHOOL-K 0 0
      Chesterbrook Academy 15.5 mi Private PRESCHOOL-K 0 0
      Walnut Trails Elem School 16.9 mi Public K-4 4 5
      Jones Elementary School 17.7 mi Public K-4 3-5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Joliet, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.