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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calumet Park is a buyer's market

Buyer's
Market

Difference Since December 2020

At the same time last year, Calumet Park was a Neutral Market.

Key Takeaway

Calumet Park 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 Park, IL cost?

Median Sold Price

$140,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$20,550(+17.2%)

Key Takeaway

Homes in Calumet Park have sold for 17.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $117K$110K
-6.0%
3 $119.9K$140K
+16.8%
4 $95K$156K
+64.2%
5+ $127.5K$210K
+64.7%

Median Sold Price Compared To Nearby Cities

Riverdale
+53.1%
Blue Island
+25.2%
Calumet Park
+17.2%
Calumet Township
+12.2%
Chicago
+9.0%

How many homes are available in Calumet Park, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
4043+7.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 98
-11.1%
3 2426
+8.3%
4 33
0.0%
5+ 46
+50.0%

Number of Homes Sold

Nov 2021Dec 2021%
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Calumet Park, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
28 Days20 Days-28.1%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About Calumet Park, IL

Calumet Park, IL has 43 homes on the market. The inventory of homes for sale in Calumet Park, IL between November 2021 and December 2021 increased by 7.5%. In December 2021, listings were on the market for 20 days. During the same period, the median list price in this real estate market was $140,000. This housing market listing prices have changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went down by 6%, 3 bedrooms properties prices increased by 16.8%, 4 bedrooms properties became 64.2% more expensive, prices of 5 bedrooms properties increased by 64.7%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 11.1%, 3 bedrooms homes inventory increased by 8.3%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes became 50% more available. Calumet Park, IL housing market in December 2021 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 3 sold below.

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