$1,164 Closing Credit*
$98,000
900 SqFt
3 Beds
•1 Full Bath
#50162264, DARREN LASANEN, Listing Office: CENTURY 21 AFFILIATED
Is Calumet, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Calumet has remained a Seller's Market.
Key Takeaway
Calumet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Calumet, MI
How much do homes in Calumet, MI cost?
Median Sold Price
$140,000
$77/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$31,500(-18.4%)
Key Takeaway
Homes in Calumet have sold for 18.4% less than they did a month ago.
Summary: The median home sold price in Calumet was $140,000 in November 2024, down 18.4% from last month, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $193.5K | - | N/A |
| 2 Bedrooms | - | $106.7K | N/A |
| 3 Bedrooms | $66.5K | $182.5K | +174.4% |
| 4 Bedrooms | - | $137.5K | N/A |
| 5+ Bedrooms | $375K | $795K | +112.0% |
Summary: Calumet housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 174.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 112%.
Median Sold Price Compared To Nearby Cities
| Calumet Charter Township | $93K | $135K | +45.2% |
| Calumet | $171.5K | $140K | -18.4% |
Housing Supply in Calumet, MI
How many homes are available in Calumet, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Summary: The Calumet real estate market had 32 homes for sale in November 2024, a 3.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Calumet housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Calumet, 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 in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for Calumet, MI
How long does it take to sell a home in Calumet, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 Days | 75 Days | -19.5% |
Summary: Homes in Calumet had an average of 75 days on market in Nov 2024, down by 19.5% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Calumet are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Calumet; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.