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 November 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

$234,950

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,950(+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 $234,950 in November 2024, up 2.2% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $125K$176.2K
+41.0%
3 $238.5K$234.5K
-1.7%
4 $238.5K$260K
+9.0%
5+ $297.5K$312.5K
+5.0%

Summary: Calumet Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Neighborhoods

Avalon Park
+38.9%
Stony Island Park
+32.8%
Calumet Heights
+2.2%

Housing Supply in Calumet Heights, IL

How many homes are available in Calumet Heights, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6071+18.3%

Summary: The Calumet Heights real estate market had 71 homes for sale in November 2024, a 18.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1014
+40.0%
3 3640
+11.1%
4 1113
+18.2%
5+ 34
+33.3%

Summary: The Calumet Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Calumet Heights, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Calumet Heights in November 2024, up by 28.6% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% 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

Nov 2023Nov 2024CHANGE
29 Days76 Days+160.6%

Summary: Homes in Calumet Heights had an average of 76 days on market in Nov 2024, up by 160.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were 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 November 2024, 9 homes were sold in Calumet Heights; 44% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 44% 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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