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 buyer's market

Buyer's
Market

Difference Since December 2021

At the same time last year, Calumet City was a Seller's Market.

Key Takeaway

Calumet City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Calumet City, IL cost?

Median Sold Price

$159,866

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$14,866(+10.3%)

Key Takeaway

Homes in Calumet City have sold for 10.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $40.5K$62K
+53.1%
2 $85K$82K
-3.5%
3 $151.2K$169K
+11.7%
4 $150K$175K
+16.7%
5+ $208K$253K
+21.6%

Median Sold Price Compared To Nearby Cities

South Holland
+13.0%
Burnham
+12.1%
Calumet City
+10.3%
Thornton Township
+4.1%
Lansing
+2.7%

How many homes are available in Calumet City, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
216223+3.2%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 12
+100.0%
2 3227
-15.6%
3 131129
-1.5%
4 2735
+29.6%
5+ 2530
+20.0%

Number of Homes Sold

Nov 2022Dec 2022%
3222-31.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

9 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. 40.9% of homes here sold above asking price last month.

Average Sale Time

Dec 2021Dec 2022%
32 Days29 Days-8.7%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Calumet City, IL

Calumet City, IL has 223 homes for sale to choose from. Between November 2022 and December 2022, Calumet City, IL real estate market has seen increase in the number of listings by 3.2%. Listings spent 29 days on the market in December 2022, and had a median list price of $159,866 during the same period. Real estate listing prices changed between November 2022 and December 2022: 1 bedroom properties became 53.1% more expensive, 2 bedrooms properties prices decreased by 3.5%, prices of 3 bedrooms properties went up by 11.7%, 4 bedrooms properties became 16.7% more expensive, prices of 5 bedrooms properties went up by 21.6%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes increased by 100%, number of 2 bedrooms homes decreased by 15.6%, number of 3 bedrooms homes decreased by 1.5%, number of 4 bedrooms homes increased by 29.6%, number of 5 bedrooms homes increased by 20%. Over 9 listings were sold over their listed price in December 2022 in Calumet City, IL. In the same period over 7 listings were sold below the listed price and 6 listings were sold for the listed price.

Related Housing Market Reports