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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calumet Heights is a buyer's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

+$12,500(+5.8%)

Key Takeaway

Homes in Calumet Heights have sold for 5.8% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $200K$125K
-37.5%
3 $177.5K$234.7K
+32.2%
4 $256K$217.5K
-15.0%
5+ $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
+5.8%
Avalon Park
+3.5%
Stony Island Park
-6.4%

Housing Supply in Calumet Heights, IL

How many homes are available in Calumet Heights, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6173+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 109
-10.0%
3 3443
+26.5%
4 1213
+8.3%
5+ 58
+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 2024Mar 2024CHANGE
126-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Calumet Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
35 Days47 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

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