Is Joliet, IL 60431 a buyer’s or seller’s market?

The Joliet housing market right now

In the three months ending August 31, 2026, 27% of homes in Joliet, IL 60431 sold above their list price, the typical home went under contract in 59 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 152 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 48%, homes sold more slowly (49 days then) and the median sale price rose 3% to $356,346. Overall, Joliet is less competitive than a year ago, which gives buyers more room.

Within Will County, homes here sell more slowly than in 72% of the county’s ZIP codes, and sell less often over asking than in 76%. On our competition score, Joliet ranks #326 of 464 IL ZIP codes with enough sales (score 56 out of 100).

Nearby, buyers who want less competition could look at Elwood 60421 (17% sold over asking) or Beecher 60401 (17% sold over asking), while Bolingbrook 60440 (61% sold over asking) and New Lenox 60451 (50% sold over asking) are even more competitive.