Is Calumet City, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Calumet City was a Seller's Market.
Housing Prices in Calumet City, IL
How much do homes in Calumet City, IL cost?
Median Sold Price
$155,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Calumet City was $155,000 in April 2024, down 1.3% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $64K | $59.5K | -7.0% |
2 Bedrooms | $80K | $98.5K | +23.1% |
3 Bedrooms | $163K | $160K | -1.8% |
4 Bedrooms | $174.9K | $165K | -5.7% |
5+ Bedrooms | $240K | $245K | +2.1% |
Summary: Calumet City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
Lansing | $180.2K | $188.4K | +4.6% |
Thornton Township | $159K | $162.8K | +2.4% |
South Holland | $224.9K | $227.8K | +1.3% |
Calumet City | $157K | $155K | -1.3% |
Housing Supply in Calumet City, IL
How many homes are available in Calumet City, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
166 | 187 | +12.7% |
Summary: The Calumet City real estate market had 187 homes for sale in April 2024, a 12.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 25 | 24 | -4.0% |
3 Bedrooms | 95 | 110 | +15.8% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The Calumet City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Calumet City in April 2024, up by 8.0% month-over-month. Of the 27 sold homes, 52% were sold under asking, 30% were sold at asking, and 19% were sold over asking.
Days on Market for Calumet City, IL
How long does it take to sell a home in Calumet City, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 47 Days | -15.5% |
Summary: Homes in Calumet City had an average of 47 days on market in Apr 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Calumet City; 44% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.