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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calumet City is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Calumet City has remained a Seller's Market.

Key Takeaway

Calumet City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Calumet City, IL cost?

Median Sold Price

$145,000

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$22,000(+17.9%)

Key Takeaway

Homes in Calumet City have sold for 17.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $29K$40.5K
+39.7%
2 $50.9K$85K
+67.0%
3 $125K$151.2K
+21.0%
4 $128K$150K
+17.2%
5+ $170K$208K
+22.4%

Median Sold Price Compared To Nearby Cities

Burnham
+25.7%
Dolton
+25.1%
Lansing
+19.5%
Calumet City
+17.9%
South Holland
+14.9%

How many homes are available in Calumet City, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
205203-1.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 44
0.0%
2 3031
+3.3%
3 113107
-5.3%
4 3134
+9.7%
5+ 2727
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
3935-10.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Calumet City, you could pay more than the asking price. 65.7% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
30 Days32 Days+5.3%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About Calumet City, IL

Calumet City, IL has 203 homes on the market. Between November 2021 and December 2021, Calumet City, IL real estate market has seen decrease in the number of listings by 1%. In December 2021 median list price was $145,000 and the average listing age was 32 days. This housing market listing prices have changed between November 2021 and December 2021: 1 bedroom properties prices increased by 39.7%, the cost of 2 bedrooms properties went up by 67%, prices of 3 bedrooms properties went up by 21%, 4 bedrooms properties became 17.2% more expensive, prices of 5 bedrooms properties increased by 22.4%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 3.3%, 3 bedrooms homes inventory decreased by 5.3%, the quantity of 4 bedrooms homes went up by 9.7%, the quantity of 5 bedrooms homes have not changed. Calumet City, IL housing market in December 2021 saw over 23 listings sold above listed price, more than 5 sold at listed price and over 7 sold below.

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