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 April 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

$181,000

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,100(+6.5%)

Key Takeaway

Homes in Calumet Township have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Calumet Township was $181,000 in April 2024, up 6.5% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $47K$29.5K
-37.2%
2 $80K$100K
+25.0%
3 $177K$185K
+4.5%
4 $212.5K$222K
+4.5%
5+ $262K$240K
-8.4%

Summary: Calumet Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.2%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 8.4%.

Median Sold Price Compared To Nearby Cities

Riverdale
+12.8%
Calumet Township
+6.5%
Thornton Township
+2.4%
Calumet Park
0.0%
Blue Island
-3.2%

Housing Supply in Calumet Township, IL

How many homes are available in Calumet Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5368+28.3%

Summary: The Calumet Township real estate market had 68 homes for sale in April 2024, a 28.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 1418
+28.6%
3 2224
+9.1%
4 811
+37.5%
5+ 914
+55.6%

Summary: The Calumet Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 55.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 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 10 homes were sold or pending in Calumet Township in April 2024, up by 25.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% 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

Apr 2023Apr 2024CHANGE
54 Days67 Days+23.6%

Summary: Homes in Calumet Township had an average of 67 days on market in Apr 2024, up by 23.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 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 April 2024, 10 homes were sold in Calumet Township; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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 16 Days Ago

Newest Listings in Calumet Township, IL

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