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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calumet Park is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Calumet Park was a Buyer's Market.

Key Takeaway

Calumet Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Calumet Park, IL

How much do homes in Calumet Park, IL cost?

Median Sold Price

$145,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$20,000(-12.1%)

Key Takeaway

Homes in Calumet Park have sold for 12.1% less than they did a year ago.

Summary: The median home sold price in Calumet Park was $145,000 in October 2024, down 12.1% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $90K$60.7K
-32.5%
3 $172.4K$181K
+5.0%
4 $197.4K$145K
-26.6%
5+ $314.9K$255K
-19.0%

Summary: Calumet Park 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 decreased by 32.5%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 26.6%, and 5+ bedroom homes decreased by 19%.

Median Sold Price Compared To Nearby Cities

Blue Island
+17.7%
Riverdale
+16.1%
Calumet Township
+14.7%
Chicago
+6.1%
Calumet Park
-12.1%

Housing Supply in Calumet Park, IL

How many homes are available in Calumet Park, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3336+9.1%

Summary: The Calumet Park real estate market had 36 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 1821
+16.7%
4 34
+33.3%
5+ 23
+50.0%

Summary: The Calumet Park 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 decreased by 20%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
610+66.7%

Asking Price vs. Sold Price

6 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 Park, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Calumet Park in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Calumet Park, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days42 Days+397.6%

Summary: Homes in Calumet Park had an average of 42 days on market in Oct 2024, up by 397.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Calumet Park has remained consistent over time.

Summary: During October 2024, 10 homes were sold in Calumet Park; 30% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in Calumet Park, IL

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