Is Calumet Park, IL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Calumet Park is a 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



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

# BEDSNov 2022Nov 2023CHANGE
1 --
2 $101.5K$87.2K
3 $163.5K$174.9K
4 $195K$197.4K
5+ $215K$314.9K

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
Calumet Township
Blue Island

Housing Supply in Calumet Park, IL

How many homes are available in Calumet Park, IL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

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

# BEDSOct 2023Nov 2023CHANGE
1 00
2 68
3 2229
4 36
5+ 11

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 2023Nov 2023CHANGE

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 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 2022Nov 2023CHANGE
-20 Days27 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

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 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in Calumet Park, IL

Nearby Markets to Calumet Park, IL

What housing markets are near Calumet Park, IL?