Market Intelligence · IL / Joliet

Joliet, IL 60431 Housing Market

Homes in Joliet's 60431 ZIP are typically valued at $354,149, up 2.5% over the past year. The median list price sits at $353,675, with homes taking a median of 30 days to sell as of September 2026.

Updated September 2026Median value$354K

The median home value in Joliet, IL 60431 is $354K as of September 2026, up 2.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 60431 range

$326K to $382K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+2.5% over 12 months

Sep 2025$346K

Low $346KHigh $354K

Sep 2026$354K

The numbers

What is the 60431 housing market like?

As of September 2026

Typical home value

$354K

2.5%YoY

Median list price

$354K

8.0%MoM

Days on market

3.2%MoM

Homes for sale

3.4%MoM

Price cuts

22.8%

13.7%MoM

New listings

29.2%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

60431 housing market forecast 2027

+2.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60431 to rise 2.5% by September 2027.

Over the 12 months through September 2026, typical home values in 60431 rose 2.5%, per the Zillow Home Value Index.

Will home prices drop in 60431?

Zillow's forecast does not call for a drop: it expects typical home values in 60431 to rise 2.5% by September 2027, after a 2.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 60431 home prices compare?

60431$354,149
Joliet$227,031
Illinois$194,737
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Joliet: 5 ZIPs; Illinois: 1,084 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, 60 homes are listed for sale in 60431, with 34 new listings entering the market. The median time to sale is 30 days, which suggests moderate activity. However, 22.8% of listings have seen price cuts, indicating some sellers are adjusting expectations. Despite the year-over-year value gain of 2.5%, the prevalence of discounts suggests that overpriced homes may sit longer than those realistically priced for the current buyer pool.

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Home price

Down payment20% · $70,830

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Common questions

What people ask us.

What is the typical home value in 60431?

The typical home value is $354,149, up 2.5% over the past year as of September 2026.

How long do homes stay on the market in Joliet 60431?

The median days on market is 30 as of September 2026.

How many homes are for sale in 60431 right now?

There are 60 homes for sale as of September 2026, with 34 new listings that month.

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Nearby ZIP markets.

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