Is Calumet Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Calumet Park has remained a Buyer's Market.
Housing Prices in Calumet Park, IL
How much do homes in Calumet Park, IL cost?
Median Sold Price
$181,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Calumet Park was $181,000 in May 2024, up 13.2% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $103K | $105K | +1.9% |
3 Bedrooms | $172.5K | $192.5K | +11.6% |
4 Bedrooms | $194.9K | $195K | 0.0% |
5+ Bedrooms | $259K | $255K | -1.5% |
Summary: Calumet Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 11.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
Calumet Township | $159.9K | $185K | +15.7% |
Riverdale | $112.9K | $130K | +15.0% |
Calumet Park | $159.9K | $181K | +13.2% |
Chicago | $339.3K | $349.9K | +3.1% |
Blue Island | $199.9K | $198.5K | -0.7% |
Housing Supply in Calumet Park, IL
How many homes are available in Calumet Park, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 37 | +8.8% |
Summary: The Calumet Park real estate market had 37 homes for sale in May 2024, a 8.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 21 | 20 | -4.8% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Calumet Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Calumet Park in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Calumet Park, IL
How long does it take to sell a home in Calumet Park, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 69 Days | +115.8% |
Summary: Homes in Calumet Park had an average of 69 days on market in May 2024, up by 115.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Calumet Park; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.