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 buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Calumet Park has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Calumet Park, IL

How much do homes in Calumet Park, IL cost?

Median Sold Price

$145,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since November 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 November 2024, down 12.1% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $87.2K$83.2K
-4.6%
3 $174.9K$181K
+3.4%
4 $197.4K$145K
-26.6%
5+ $314.9K$257.4K
-18.3%

Summary: Calumet Park 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 decreased by 4.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 26.6%, and 5+ bedroom homes decreased by 18.3%.

Median Sold Price Compared To Nearby Cities

Riverdale
+17.6%
Blue Island
+13.2%
Calumet Township
+12.5%
Chicago
+7.1%
Calumet Park
-12.1%

Housing Supply in Calumet Park, IL

How many homes are available in Calumet Park, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3236+12.5%

Summary: The Calumet Park real estate market had 36 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 74
-42.9%
3 1923
+21.1%
4 36
+100.0%
5+ 33
0.0%

Summary: The Calumet Park 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 decreased by 42.9%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 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 Park, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Calumet Park in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% 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

Nov 2023Nov 2024CHANGE
27 Days40 Days+47.8%

Summary: Homes in Calumet Park had an average of 40 days on market in Nov 2024, up by 47.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Calumet Park; 60% of homes were sold within 30 days, 40% 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 22 Days Ago

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