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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greater Calumet is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Greater Calumet has remained a Seller's Market.

Key Takeaway

Greater Calumet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Greater Calumet, IL

How much do homes in Greater Calumet, IL cost?

Median Sold Price

$153,500

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$16,000(-9.4%)

Key Takeaway

Homes in Greater Calumet have sold for 9.4% less than they did a year ago.

Summary: The median home sold price in Greater Calumet was $153,500 in April 2024, down 9.4% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $157.5K$80K
-49.2%
3 $165K$153.5K
-7.0%
4 $226K$168.9K
-25.3%
5+ -$220K
N/A

Summary: Greater Calumet housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 49.2%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 25.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Far Southeast Side
+0.8%
West Pullman
-2.7%
Greater Calumet
-9.4%

Housing Supply in Greater Calumet, IL

How many homes are available in Greater Calumet, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
16160.0%

Summary: The Greater Calumet real estate market had 16 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1415
+7.1%
4 11
0.0%
5+ 00
0.0%

Summary: The Greater Calumet housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greater Calumet, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Greater Calumet in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Greater Calumet, IL

How long does it take to sell a home in Greater Calumet, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
59 Days35 Days-39.9%

Summary: Homes in Greater Calumet had an average of 35 days on market in Apr 2024, down by 39.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 6 homes were sold in Greater Calumet; 67% of homes were sold within 30 days, 17% 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 2 Days Ago

Newest Listings in Greater Calumet, IL

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