Is Calumet City, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Calumet City was a Buyer's Market.
Housing Prices in Calumet City, IL
How much do homes in Calumet City, IL cost?
Median Sold Price
$155,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Calumet City was $155,000 in May 2024, down 1.9% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68K | $59.5K | -12.5% |
2 Bedrooms | $82K | $92.4K | +12.7% |
3 Bedrooms | $162.7K | $163.9K | +0.8% |
4 Bedrooms | $172.2K | $165K | -4.2% |
5+ Bedrooms | $233.5K | $245K | +4.9% |
Summary: Calumet City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
Burnham | $135K | $182.9K | +35.5% |
Lansing | $178.9K | $191.5K | +7.0% |
South Holland | $220K | $228.7K | +4.0% |
Thornton Township | $159.1K | $164.9K | +3.7% |
Calumet City | $157.9K | $155K | -1.9% |
Housing Supply in Calumet City, IL
How many homes are available in Calumet City, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
173 | 193 | +11.6% |
Summary: The Calumet City real estate market had 193 homes for sale in May 2024, a 11.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 22 | 29 | +31.8% |
3 Bedrooms | 100 | 115 | +15.0% |
4 Bedrooms | 21 | 20 | -4.8% |
5+ Bedrooms | 28 | 27 | -3.6% |
Summary: The Calumet City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 3.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 28 | +3.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Calumet City in May 2024, up by 3.7% month-over-month. Of the 28 sold homes, 32% were sold under asking, 14% were sold at asking, and 54% were sold over asking.
Days on Market for Calumet City, IL
How long does it take to sell a home in Calumet City, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 51 Days | +66.3% |
Summary: Homes in Calumet City had an average of 51 days on market in May 2024, up by 66.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Calumet City; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.