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 neutral's market

Buyer's
Market

Difference Since June 2023

Since last year, Calumet Township has remained a Neutral Market.

Key Takeaway

Calumet Township 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 Township, IL

How much do homes in Calumet Township, IL cost?

Median Sold Price

$185,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$15,100(+8.9%)

Key Takeaway

Homes in Calumet Township have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Calumet Township was $185,000 in June 2024, up 8.9% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $40.5K$39.5K
-2.5%
2 $80K$95K
+18.8%
3 $174.9K$188K
+7.4%
4 $212.5K$224K
+5.4%
5+ $259K$255K
-1.5%

Summary: Calumet Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 1.5%.

Median Sold Price Compared To Nearby Cities

Calumet Township
+8.9%
Riverdale
+8.7%
Blue Island
+4.7%
Thornton Township
+4.5%
Calumet Park
-3.0%

Housing Supply in Calumet Township, IL

How many homes are available in Calumet Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
6876+11.8%

Summary: The Calumet Township real estate market had 76 homes for sale in June 2024, a 11.8% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 02
+100.0%
2 1820
+11.1%
3 3036
+20.0%
4 1012
+20.0%
5+ 106
-40.0%

Summary: The Calumet Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1412-14.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 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 Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Calumet Township in June 2024, down by 14.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Jun 2023Jun 2024CHANGE
52 Days49 Days-4.9%

Summary: Homes in Calumet Township had an average of 49 days on market in Jun 2024, down by 4.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 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.

Summary: During June 2024, 12 homes were sold in Calumet Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 11 Days Ago

Newest Listings in Calumet Township, IL

Nearby Markets to Calumet Township, IL

What housing markets are near Calumet Township, IL?