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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calumet Township is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Calumet Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$14,500(+9.0%)

Key Takeaway

Homes in Calumet Township have sold for 9% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $48.5K$31.7K
-34.5%
2 $87K$86.2K
-0.9%
3 $173K$185.2K
+7.1%
4 $212.5K$227K
+6.8%
5+ $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
+9.4%
Calumet Township
+9.0%
Riverdale
+6.6%
Thornton Township
-1.5%
Blue Island
-5.0%

Housing Supply in Calumet Township, IL

How many homes are available in Calumet Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5657+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1715
-11.8%
3 2727
0.0%
4 27
+250.0%
5+ 108
-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 2024Feb 2024CHANGE
157-53.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Calumet Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
36 Days57 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

Newest Listings in Calumet Township, IL

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What housing markets are near Calumet Township, IL?