Is Calumet Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Calumet Park was a Seller's Market.
Key Takeaway
Calumet Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Calumet Park, IL
How much do homes in Calumet Park, IL cost?
Median Sold Price
$165,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Calumet Park have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Calumet Park was $165,000 in November 2023, up 3.5% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $101.5K | $87.2K | -14.0% |
| 3 Bedrooms | $163.5K | $174.9K | +7.0% |
| 4 Bedrooms | $195K | $197.4K | +1.3% |
| 5+ Bedrooms | $215K | $314.9K | +46.5% |
Summary: Calumet Park housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 46.5%.
Median Sold Price Compared To Nearby Cities
| Calumet Park | $159.4K | $165K | +3.5% |
| Riverdale | $118K | $119.4K | +1.2% |
| Chicago | $347.8K | $339.7K | -2.3% |
| Calumet Township | $171K | $160K | -6.4% |
| Blue Island | $208K | $190K | -8.7% |
Housing Supply in Calumet Park, IL
How many homes are available in Calumet Park, IL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 32 | 44 | +37.5% |
Summary: The Calumet Park real estate market had 44 homes for sale in November 2023, a 37.5% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 22 | 29 | +31.8% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Calumet Park housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Calumet Park, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Calumet Park in November 2023, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| -20 Days | 27 Days | -235.3% |
Summary: Homes in Calumet Park had an average of 27 days on market in Nov 2023, up by 235.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Calumet Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 3 homes were sold in Calumet Park; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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