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 neutral's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

Calumet Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Calumet Park, IL

How much do homes in Calumet Park, IL cost?

Median Sold Price

$167,500

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$5,250(-3.0%)

Key Takeaway

Homes in Calumet Park have sold for 3% less than they did a year ago.

Summary: The median home sold price in Calumet Park was $167,500 in June 2024, down 3% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $93K$108.1K
+16.2%
3 $179K$185K
+3.4%
4 $195K$177.5K
-9.0%
5+ $279.4K$255K
-8.7%

Summary: Calumet Park housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 8.7%.

Median Sold Price Compared To Nearby Cities

Calumet Township
+8.9%
Riverdale
+8.7%
Blue Island
+4.7%
Chicago
+3.9%
Calumet Park
-3.0%

Housing Supply in Calumet Park, IL

How many homes are available in Calumet Park, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
3638+5.6%

Summary: The Calumet Park real estate market had 38 homes for sale in June 2024, a 5.6% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 1111
0.0%
3 2123
+9.5%
4 33
0.0%
5+ 11
0.0%

Summary: The Calumet Park housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 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. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Calumet Park in June 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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

Jun 2023Jun 2024CHANGE
65 Days58 Days-10.8%

Summary: Homes in Calumet Park had an average of 58 days on market in Jun 2024, down by 10.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Calumet Park has remained consistent over time.

Summary: During June 2024, 6 homes were sold in Calumet Park; 33% of homes were sold within 30 days, 50% 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 11 Days Ago

Newest Listings in Calumet Park, IL

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