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 buyer's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Calumet Township, IL

How much do homes in Calumet Township, IL cost?

Median Sold Price

$181,000

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$21,000(+13.1%)

Key Takeaway

Homes in Calumet Township have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Calumet Township was $181,000 in December 2024, up 13.1% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $34K$58K
+70.6%
2 $85K$103K
+21.2%
3 $177K$186K
+5.1%
4 $210K$232K
+10.5%
5+ $262.8K$255K
-3.0%

Summary: Calumet Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.6%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 3%.

Median Sold Price Compared To Nearby Cities

Riverdale
+16.6%
Blue Island
+14.1%
Calumet Township
+13.1%
Thornton Township
+9.8%
Calumet Park
-9.4%

Housing Supply in Calumet Township, IL

How many homes are available in Calumet Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6975+8.7%

Summary: The Calumet Township real estate market had 75 homes for sale in December 2024, a 8.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 21
-50.0%
2 1514
-6.7%
3 3540
+14.3%
4 1214
+16.7%
5+ 56
+20.0%

Summary: The Calumet Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 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. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Calumet Township in December 2024, down by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Dec 2023Dec 2024CHANGE
35 Days35 Days0.5%

Summary: Homes in Calumet Township had an average of 35 days on market in Dec 2024, up by 0.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were 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 December 2024, 8 homes were sold in Calumet Township; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

Newest Listings in Calumet Township, IL

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What housing markets are near Calumet Township, IL?