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Will County Gazette

Thursday, April 25, 2024

Q1 real estate sales report: Joliet

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Median prices rose in Joliet over last year, and are down 0.2 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 262 homes sold in Joliet for a median price of $178,500. That's 16.8 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, 4 homes in Joliet were in foreclosure.

Median property tax for homeowners in Joliet was $0 in 2017 according to tax data from that year. That means homeowners pay 0 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Joliet real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
391
$178,851
-
2010
460
$164,381
-8.1%
2011
404
$152,607
-7.2%
2012
496
$125,350
-17.9%
2013
621
$135,000
7.7%
2014
586
$136,106
0.8%
2015
321
$136,740
0.5%
2016
421
$144,337
5.6%
2017
470
$152,873
5.9%
2018
262
$178,500
16.8%

Median property tax
Median sale price
Effective property tax rate
2009
$6,204.14
$178,851
3.5%
2010
$4,708.31
$164,381
2.9%
2011
$4,672.45
$152,607
3.1%
2012
$4,356.76
$125,350
3.5%
2013
$4,087.13
$135,000
3%
2014
$4,159.85
$136,106
3.1%
2015
$4,081.78
$136,740
3%
2016
$4,244.52
$144,337
2.9%
2017
$0
$152,873
0%

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