Is Calumet Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Calumet Township has remained a Neutral Market.
Housing Prices in Calumet Township, IL
How much do homes in Calumet Township, IL cost?
Median Sold Price
$185,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Calumet Township was $185,000 in May 2024, up 15.7% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47K | $29.5K | -37.2% |
2 Bedrooms | $80K | $86.2K | +7.8% |
3 Bedrooms | $172.5K | $190K | +10.1% |
4 Bedrooms | $223K | $224K | 0.4% |
5+ Bedrooms | $259K | $255K | -1.5% |
Summary: Calumet Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.2%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
Calumet Township | $159.9K | $185K | +15.7% |
Riverdale | $112.9K | $130K | +15.0% |
Calumet Park | $159.9K | $181K | +13.2% |
Thornton Township | $159.1K | $164.9K | +3.7% |
Blue Island | $199.9K | $198.5K | -0.7% |
Housing Supply in Calumet Township, IL
How many homes are available in Calumet Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 74 | +13.8% |
Summary: The Calumet Township real estate market had 74 homes for sale in May 2024, a 13.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Calumet Township 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 25%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Calumet Township in May 2024, up by 9.1% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 39 Days | +83.8% |
Summary: Homes in Calumet Township had an average of 39 days on market in May 2024, up by 83.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Calumet Township; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.