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 September 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

$155,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$10,000(-6.1%)

Key Takeaway

Homes in Calumet Park have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in Calumet Park was $155,000 in September 2024, down 6.1% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $87.2K$61.5K
-29.5%
3 $173.9K$193K
+10.9%
4 $197.4K$145K
-26.6%
5+ $314.9K$255K
-19.0%

Summary: Calumet Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.5%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 26.6%, and 5+ bedroom homes decreased by 19%.

Median Sold Price Compared To Nearby Cities

Calumet Township
+18.8%
Blue Island
+15.1%
Riverdale
+8.3%
Chicago
+5.9%
Calumet Park
-6.1%

Housing Supply in Calumet Park, IL

How many homes are available in Calumet Park, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3432-5.9%

Summary: The Calumet Park real estate market had 32 homes for sale in September 2024, a 5.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 109
-10.0%
3 2117
-19.0%
4 24
+100.0%
5+ 12
+100.0%

Summary: The Calumet Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

0 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 could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Calumet Park in September 2024, down by 44.4% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% 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

Sep 2023Sep 2024CHANGE
62 Days21 Days-65.9%

Summary: Homes in Calumet Park had an average of 21 days on market in Sep 2024, down by 65.9% compared to last year.

Breakdown of Home Sale Times

4 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.

Summary: During September 2024, 5 homes were sold in Calumet Park; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 24 Days Ago

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