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 seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Calumet Park, IL

How much do homes in Calumet Park, IL cost?

Median Sold Price

$165,000

$126/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since April 2023.

Key Takeaway

The sold price of homes in Calumet Park has remained the same since last year.

Summary: The median home sold price in Calumet Park was $165,000 in April 2024, the same as last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $99.5K$105K
+5.5%
3 $174.9K$182K
+4.0%
4 $190K$197.4K
+3.9%
5+ $259K-
N/A

Summary: Calumet Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Riverdale
+12.8%
Calumet Township
+6.5%
Chicago
+2.1%
Calumet Park
0.0%
Blue Island
-3.2%

Housing Supply in Calumet Park, IL

How many homes are available in Calumet Park, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3134+9.7%

Summary: The Calumet Park real estate market had 34 homes for sale in April 2024, a 9.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 1719
+11.8%
4 43
-25.0%
5+ 23
+50.0%

Summary: The Calumet Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were 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. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Calumet Park in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.

Days on Market for Calumet Park, IL

How long does it take to sell a home in Calumet Park, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
65 Days58 Days-10.2%

Summary: Homes in Calumet Park had an average of 58 days on market in Apr 2024, down by 10.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 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.

Summary: During April 2024, 8 homes were sold in Calumet Park; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 9 Days Ago

Newest Listings in Calumet Park, IL

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