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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calumet Heights is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Calumet Heights, IL

How much do homes in Calumet Heights, IL cost?

Median Sold Price

$235,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+2.2%)

Key Takeaway

Homes in Calumet Heights have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Calumet Heights was $235,000 in October 2024, up 2.2% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $125K$176.5K
+41.2%
3 $230K$234.9K
+2.1%
4 $250K$255K
+2.0%
5+ $297.5K$325K
+9.2%

Summary: Calumet Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Neighborhoods

Stony Island Park
+25.8%
Avalon Park
+23.0%
Pill Hill
+8.2%
Calumet Heights
+2.2%

Housing Supply in Calumet Heights, IL

How many homes are available in Calumet Heights, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6369+9.5%

Summary: The Calumet Heights real estate market had 69 homes for sale in October 2024, a 9.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 3846
+21.1%
4 1210
-16.7%
5+ 33
0.0%

Summary: The Calumet Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Calumet Heights, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Calumet Heights in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.

Days on Market for Calumet Heights, IL

How long does it take to sell a home in Calumet Heights, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days72 Days+156.8%

Summary: Homes in Calumet Heights had an average of 72 days on market in Oct 2024, up by 156.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Calumet Heights; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 21 Days Ago

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