Is Greater Calumet, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Greater Calumet has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $157.5K | $80K | -49.2% |
3 Bedrooms | $165K | $153.5K | -7.0% |
4 Bedrooms | $226K | $168.9K | -25.3% |
5+ Bedrooms | - | $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 | $174.9K | $176.3K | +0.8% |
West Pullman | $155.7K | $151.5K | -2.7% |
Greater Calumet | $169.5K | $153.5K | -9.4% |
Housing Supply in Greater Calumet, IL
How many homes are available in Greater Calumet, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 6 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 35 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
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.