Is Calumet Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Calumet Park was a Neutral Market.
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.
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $99.5K | $105K | +5.5% |
3 Bedrooms | $174.9K | $182K | +4.0% |
4 Bedrooms | $190K | $197.4K | +3.9% |
5+ Bedrooms | $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 | $112.9K | $127.5K | +12.8% |
Calumet Township | $169.9K | $181K | +6.5% |
Chicago | $341.7K | $349K | +2.1% |
Calumet Park | $165K | $165K | 0.0% |
Blue Island | $199.9K | $193.4K | -3.2% |
Housing Supply in Calumet Park, IL
How many homes are available in Calumet Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 34 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 2 | 3 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 8 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 58 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
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.