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 November 2021

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.

How much do homes in Calumet Township, IL cost?

Median Sold Price

$165,000

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$30,000(+22.2%)

Key Takeaway

Homes in Calumet Township have sold for 22.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $52K$30K
-42.3%
2 $100K$88K
-12.0%
3 $140K$172.7K
+23.4%
4 $140K$214.9K
+53.5%
5+ $215K$227.5K
+5.8%

Median Sold Price Compared To Nearby Cities

Riverdale
+30.0%
Calumet Township
+22.2%
Blue Island
+19.4%
Calumet Park
+13.6%
Thornton Township
+8.2%

How many homes are available in Calumet Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
7278+8.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 24
+100.0%
2 1513
-13.3%
3 3440
+17.6%
4 1010
0.0%
5+ 1111
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1510-33.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 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. 60% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
19 Days39 Days+104.8%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Calumet Township are selling fast, if you're buying plan to act quickly.

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

About Calumet Township, IL

Homes for sale in Calumet Township, IL have reached 78. In November 2022 in Calumet Township, IL there were 8.3% more homes for sale than in October 2022. In November 2022 median list price was $165,000 and the average listing age was 39 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 42.3% more cheaper, 2 bedrooms properties prices decreased by 12%, prices of 3 bedrooms properties increased by 23.4%, 4 bedrooms properties became 53.5% more expensive, prices of 5 bedrooms properties went up by 5.8%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes increased by 100%, 2 bedrooms homes became 13.3% less available, 3 bedrooms homes inventory increased by 17.6%, 4 bedrooms homes did not move, 5 bedrooms homes did not move. While more than 2 listings in Calumet Township, IL in November 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 6 were sold below.

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