Calumet City Real Estate Market Reaches Price Cuts Peak

The Calumet City market saw 31 more homes change hands over the last 30 days. With that, price reductions have increased significantly as well, reaching their highest level since April at 83. In comparison, Chicago led all other nearby municipalities with 3,711 price reductions. Oddly, even as the number of sellers reducing price hit a high, the median sales price continued to climb, trending upwards for four weeks to reach $65,000. With decreasing sales and the availability of seven months of inventory, Calumet City is a strong buyer's market.

If you aren't worried about the price tag of your dream home, these listings are the best Calumet City has to offer:

$224K   $199K   $199K  

Get started right now by checking out Calumet City homes for sale or reviewing Calumet City real estate trends.

Demographic facts about Calumet City:

  • This area has a median house value of $70,600.
  • Average number of rainy days is 118 per year. (U.S. average: 100)
  • The area's unemployment rate is 10.3%.
  • The students per teacher ratio in this area is 17.0:1. (15.3:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Coldwell Banker Residential
Snapped 2 homes in this area
Elvina Minter Stephens
Snapped 1 home in this area
Flipside Realty
Snapped 5 homes in this area

Agents that specialize in this area
2 snaps in this area
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