The median home in Joliet was valued at $280,500 in 2024. Home prices across the metro area have moved since, and carried forward by the FHFA index, that's about $317,000 as of 2026 Q2. Projected forward, it would be about $337,000 in 2027 and $451,000 in 2031. The first 2 years follow the metro index's change over the past year (+6.2%); later years use its 2020–2025 average (+8.1% a year).
Joliet home values by year
| Year | Median home value | Basis |
|---|---|---|
| 2026 Q2 (estimate) | $317,000 | ACS 2024 value × FHFA index change |
| 2027 (projected) | $337,000 | +6.2% (past year) |
| 2028 (projected) | $358,000 | +6.2% (past year) |
| 2031 (projected) | $451,000 | +8.1% (2020–2025 average) |
Median home value in Joliet, from the Census
| Year | Median home value |
|---|---|
| 2019 | $205,600 |
| 2023 | $269,900 |
| 2024 | $280,500 |
Read this with care
The Census value is owners' own estimate, and the FHFA index covers the whole metro area (Chicago-Naperville-Schaumburg, IL (MSAD)), not Joliet alone. Moving a 2024 city median forward by a metro index is an estimate, and the projection carries two trends forward; it isn't a call on the next turn. For a specific ZIP code, use Predictye Property.
Sources: U.S. Census Bureau, American Community Survey 1-year estimates (2019, 2023, 2024) forJoliet (Joliet city, Illinois); medians are shown only when their margin of error is within 10%. FHFA all-transactions house price index for Chicago-Naperville-Schaumburg, IL (MSAD), through 2026Q2. How Predictye calculates this.
Frequently asked questions
What will homes in Joliet, IL be worth in 2027?
A home at the city's median would be worth about $337,000 in 2027, starting from an estimated $317,000 in 2026 Q2. The first 2 years follow the metro index's change over the past year (+6.2%); later years use its 2020–2025 average (+8.1% a year).
What is the median home value in Joliet, IL?
$280,500 in 2024, from the Census Bureau's American Community Survey. It's owners' estimate of their home's value.
Are home prices in Joliet, IL going up or down?
Across Chicago-Naperville-Schaumburg, IL (MSAD), the FHFA house price index moved +6.2% over the year to 2026 Q2, and averaged +8.1% a year from 2020 to 2025.