Is Calumet Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Calumet Township was a Seller's Market.
Housing Prices in Calumet Township, IL
How much do homes in Calumet Township, IL cost?
Median Sold Price
$175,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Calumet Township was $175,000 in February 2024, up 9% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48.5K | $31.7K | -34.5% |
2 Bedrooms | $87K | $86.2K | -0.9% |
3 Bedrooms | $173K | $185.2K | +7.1% |
4 Bedrooms | $212.5K | $227K | +6.8% |
5+ Bedrooms | $262.4K | $220K | -16.2% |
Summary: Calumet Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.5%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 16.2%.
Median Sold Price Compared To Nearby Cities
Calumet Park | $159.9K | $175K | +9.4% |
Calumet Township | $160.5K | $175K | +9.0% |
Riverdale | $113K | $120.5K | +6.6% |
Thornton Township | $160K | $157.6K | -1.5% |
Blue Island | $199.9K | $190K | -5.0% |
Housing Supply in Calumet Township, IL
How many homes are available in Calumet Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
56 | 57 | +1.8% |
Summary: The Calumet Township real estate market had 57 homes for sale in February 2024, a 1.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 15 | -11.8% |
3 Bedrooms | 27 | 27 | 0.0% |
4 Bedrooms | 2 | 7 | +250.0% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Calumet Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 250%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 7 | -53.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Calumet Township in February 2024, down by 53.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Calumet Township, IL
How long does it take to sell a home in Calumet Township, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 57 Days | +57.7% |
Summary: Homes in Calumet Township had an average of 57 days on market in Feb 2024, up by 57.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in Calumet Township; 14% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.