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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calumet Township is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Calumet Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Calumet Township, IL

How much do homes in Calumet Township, IL cost?

Median Sold Price

$180,000

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+12.5%)

Key Takeaway

Homes in Calumet Township have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Calumet Township was $180,000 in November 2024, up 12.5% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $47K$58K
+23.4%
2 $80K$104K
+30.0%
3 $177K$186K
+5.1%
4 $205K$233.5K
+13.9%
5+ $276.4K$255K
-7.7%

Summary: Calumet Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 7.7%.

Median Sold Price Compared To Nearby Cities

Riverdale
+17.6%
Blue Island
+13.2%
Calumet Township
+12.5%
Thornton Township
+10.1%
Calumet Park
-12.1%

Housing Supply in Calumet Township, IL

How many homes are available in Calumet Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6976+10.1%

Summary: The Calumet Township real estate market had 76 homes for sale in November 2024, a 10.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1815
-16.7%
3 3238
+18.8%
4 1115
+36.4%
5+ 66
0.0%

Summary: The Calumet Township 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 16.7%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 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 Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Calumet Township in November 2024, down by 21.4% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.

Days on Market for Calumet Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days37 Days+17.6%

Summary: Homes in Calumet Township had an average of 37 days on market in Nov 2024, up by 17.6% compared to last year.

Breakdown of Home Sale Times

8 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Calumet Township; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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 2 Days Ago

Newest Listings in Calumet Township, IL

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