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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calumet City is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Calumet City was a Seller's Market.

Key Takeaway

Calumet City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Calumet City, IL

How much do homes in Calumet City, IL cost?

Median Sold Price

$164,996

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,996(+6.4%)

Key Takeaway

Homes in Calumet City have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Calumet City was $164,996 in November 2024, up 6.4% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $59K$47K
-20.3%
2 $104.5K$90K
-13.9%
3 $160K$167.5K
+4.7%
4 $160K$178.5K
+11.6%
5+ $224.2K$251.5K
+12.2%

Summary: Calumet City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.3%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 12.2%.

Median Sold Price Compared To Nearby Cities

Burnham
+32.7%
Lansing
+11.1%
Thornton Township
+10.1%
South Holland
+6.8%
Calumet City
+6.4%

Housing Supply in Calumet City, IL

How many homes are available in Calumet City, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
206228+10.7%

Summary: The Calumet City real estate market had 228 homes for sale in November 2024, a 10.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 2826
-7.1%
3 118130
+10.2%
4 3037
+23.3%
5+ 2731
+14.8%

Summary: The Calumet City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 14.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3024-20.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Calumet City, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Calumet City in November 2024, down by 20.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 21% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
67 Days50 Days-25.7%

Summary: Homes in Calumet City had an average of 50 days on market in Nov 2024, down by 25.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 24 homes were sold in Calumet City; 46% of homes were sold within 30 days, 38% 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 20 Days Ago

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