Is Calumet Heights, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Calumet Heights was a Seller's Market.
Housing Prices in Calumet Heights, IL
How much do homes in Calumet Heights, IL cost?
Median Sold Price
$227,500
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Calumet Heights was $227,500 in March 2024, up 5.8% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $200K | $125K | -37.5% |
3 Bedrooms | $177.5K | $234.7K | +32.2% |
4 Bedrooms | $256K | $217.5K | -15.0% |
5+ Bedrooms | $303K | $355K | +17.2% |
Summary: Calumet Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 32.2%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Neighborhoods
Calumet Heights | $215K | $227.5K | +5.8% |
Avalon Park | $185K | $191.5K | +3.5% |
Stony Island Park | $185K | $173.2K | -6.4% |
Housing Supply in Calumet Heights, IL
How many homes are available in Calumet Heights, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 73 | +19.7% |
Summary: The Calumet Heights real estate market had 73 homes for sale in March 2024, a 19.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 34 | 43 | +26.5% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Calumet Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 6 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Calumet Heights in March 2024, down by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Calumet Heights, IL
How long does it take to sell a home in Calumet Heights, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 47 Days | +33.9% |
Summary: Homes in Calumet Heights had an average of 47 days on market in Mar 2024, up by 33.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Calumet Heights; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.