Is Calumet Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calumet Township is a neutral's market

Buyer's
Market

Difference Since May 2023

Since last year, Calumet Township has remained a Neutral Market.

Key Takeaway

Calumet Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Calumet Township, IL

How much do homes in Calumet Township, IL cost?

Median Sold Price

$185,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,050(+15.7%)

Key Takeaway

Homes in Calumet Township have sold for 15.7% more than they did a year ago.

Summary: The median home sold price in Calumet Township was $185,000 in May 2024, up 15.7% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $47K$29.5K
-37.2%
2 $80K$86.2K
+7.8%
3 $172.5K$190K
+10.1%
4 $223K$224K
0.4%
5+ $259K$255K
-1.5%

Summary: Calumet Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.2%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 1.5%.

Median Sold Price Compared To Nearby Cities

Calumet Township
+15.7%
Riverdale
+15.0%
Calumet Park
+13.2%
Thornton Township
+3.7%
Blue Island
-0.7%

Housing Supply in Calumet Township, IL

How many homes are available in Calumet Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6574+13.8%

Summary: The Calumet Township real estate market had 74 homes for sale in May 2024, a 13.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1620
+25.0%
3 2729
+7.4%
4 812
+50.0%
5+ 1413
-7.1%

Summary: The Calumet Township 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 25%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1112+9.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Calumet Township, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in Calumet Township in May 2024, up by 9.1% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% were sold over asking.

Days on Market for Calumet Township, IL

How long does it take to sell a home in Calumet Township, IL?

Average Sale Time

May 2023May 2024CHANGE
21 Days39 Days+83.8%

Summary: Homes in Calumet Township had an average of 39 days on market in May 2024, up by 83.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Calumet Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 12 homes were sold in Calumet Township; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Calumet Township, IL

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