$2,374 Closing Credit*
$199,900
4,418 SqFt
6 Beds
•3 Full Baths
#50161050, JENNIFER DEEPHOUSE, Listing Office: STATE WIDE OF HOUGHTON
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
$250,000
$61/sqft
Based on all homes sold in October 2024.
The Median Sold Price hasn't changed since September 2024.
Key Takeaway
The sold price of homes in Calumet has remained the same since last month.
Summary: The median home sold price in Calumet was $250,000 in October 2024, the same as last month, and the median price per square foot was $61.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $193.5K | N/A |
| 2 Bedrooms | $392.5K | - | N/A |
| 3 Bedrooms | $200K | $93K | -53.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $375K | N/A |
Summary: Calumet housing prices by bedroom type for October 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 decreased by 53.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Calumet | $250K | $250K | 0.0% |
| Calumet Charter Township | $150K | $138.2K | -7.8% |
Housing Supply in Calumet, MI
How many homes are available in Calumet, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The Calumet real estate market had 34 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Calumet housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Calumet, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Calumet in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 106 Days | +181.2% |
Summary: Homes in Calumet had an average of 106 days on market in Oct 2024, up by 181.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Calumet has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Calumet; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% 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.