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Will County Gazette

Friday, November 22, 2024

Q2 real estate sales report: Joliet

Realestate3

Median prices rose in Joliet over last year, and are up 11.2 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 586 homes sold in Joliet for a median price of $195,000. That's 10.8 percent higher than median home sale prices for the second quarter of 2017.

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

Median property tax for homeowners in Joliet was $4,497.45 in 2017 according to tax data from that year. That means homeowners pay 2.6 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Joliet real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
451
$175,383
-
2010
562
$164,160
-6.4%
2011
435
$156,505
-4.7%
2012
616
$136,196
-13%
2013
550
$136,623
0.3%
2014
804
$135,415
-0.9%
2015
461
$143,100
5.7%
2016
581
$165,900
15.9%
2017
587
$175,950
6.1%
2018
586
$195,000
10.8%

Median property tax
Median sale price
Effective property tax rate
2009
$6,025.14
$175,383
3.4%
2010
$4,684.84
$164,160
2.9%
2011
$4,673.56
$156,505
3%
2012
$4,311.87
$136,196
3.2%
2013
$3,959.93
$136,623
2.9%
2014
$4,053.68
$135,415
3%
2015
$4,160.11
$143,100
2.9%
2016
$4,624.59
$165,900
2.8%
2017
$4,497.44
$175,950
2.6%

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