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Foreclosure Homes in Joliet, IL 60435

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Joliet, IL Foreclosures

How much do homes sell for in Joliet, IL?
The average home price is currently $291,810.
In Joliet, IL, how many homes are available?
There are currently 640 active home listings available in Joliet.
What’s the average rental cost in Joliet, IL?
The average rental price in Joliet is $1,367.
What is the most expensive home in Joliet?
The most expensive home sold in Joliet had a price of $115,662,368.
What is currently the cheapest priced home in Joliet, IL?
The cheapest home for sale in Joliet is priced at $10,027.

Living in Joliet, IL

Joliet, IL, is a lively city known for its blend of urban and suburban living, rich history, and cultural diversity. It features educational institutions like Joliet Junior College and offers ample recreational activities and parks. Excellent transportation options make commuting to Chicago easy and accessible for residents.

Current Market Conditions in Joliet, IL

The real estate market in Joliet has shown resilience and growth in recent years, with an uptick in home values and a decline in inventory. The demand for housing is driven by the area's affordability compared to neighboring Chicago suburbs, attracting first-time homebuyers and investors alike.

Currently, Joliet is experiencing an increase in new developments and renovations, which further supports the trend of rising home values. Investors looking to tap into the rental market can also find a diverse range of properties suitable for both long-term and short-term rentals.

Home Value Estimator For Joliet, IL

There are currently 43,503 real estate properties in Joliet, IL, with a median automated valuation model (AVM) price of $244,653.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Joliet, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Joliet, IL, is $291,810.00, with the most expensive house in Joliet, IL, topping out at $115,662,368.00 and the cheapest home in Joliet, IL, clocking in at $10,027.00. In other words, there’s something for every potential homebuyer or savvy investor in Joliet, IL!

Rent Prices In Joliet, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Joliet, IL, is on a rollercoaster ride. The average rent price in Joliet, IL, is $1,367.00. Indeed, when looking to rent in Joliet, IL, you can expect to pay as little as $590.00 or as much as $4,720.00, with the average rent median estimated to be $1,320.00. The good news is that finding an affordable and desirable property to rent in Joliet, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Joliet, IL 60435 Foreclosures

Market Trend for Joliet, IL

Total Listings Available: 640

Market Values:

Home Prices from $10,027 to $115,662,368

Average Sales Price: $291,810

Rental Values:

Rental from $590 to $4,720

Average Rent Value: $1,367 / month

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