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Commercial Foreclosures in Calumet City, IL

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Calumet City, IL Foreclosures

How much do homes sell for in Calumet City, IL?
The average home price is currently $185,442.
In Calumet City, IL, how many homes are available?
There are currently 64 active home listings available in Calumet City.
What’s the average rental cost in Calumet City, IL?
The average rental price in Calumet City is $1,249.
What is the most expensive home in Calumet City?
The most expensive home sold in Calumet City had a price of $27,732,172.
What is currently the cheapest priced home in Calumet City, IL?
The cheapest home for sale in Calumet City is priced at $10,531.

Living in Calumet City, IL

Calumet City, IL, is a suburban gem located just south of Chicago, offering a dynamic community atmosphere, excellent schools, and convenient access to urban amenities. With vibrant neighborhoods and ample parks, residents enjoy an ideal balance of suburban tranquility and city lifestyle. This city is perfect for families and professionals alike, providing a sense of community and accessibility.

Current Market Conditions in Calumet City, IL

The real estate market in Calumet City has shown steady growth over the past year, with home prices trending upward. This reflects a strong demand for properties as families seek affordable housing options near Chicago. The market remains competitive, with many homes receiving multiple offers, especially in desirable neighborhoods.

Investors are also taking notice of Calumet City's potential, as the area continues to improve in terms of infrastructure and business development, making it an attractive location for those looking to buy rental properties.

Home Value Estimator For Calumet City, IL

There are currently 11,897 real estate properties in Calumet City, IL, with a median automated valuation model (AVM) price of $168,123.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Calumet City, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Calumet City, IL, is $185,442.00, with the most expensive house in Calumet City, IL, topping out at $27,732,172.00 and the cheapest home in Calumet City, IL, clocking in at $10,531.00. In other words, there’s something for every potential homebuyer or savvy investor in Calumet City, IL!

Rent Prices In Calumet City, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Calumet City, IL, is on a rollercoaster ride. The average rent price in Calumet City, IL, is $1,249.00. Indeed, when looking to rent in Calumet City, IL, you can expect to pay as little as $720.00 or as much as $2,520.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Calumet City, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Calumet City, IL Commercial

Market Trend for Calumet City, IL

Total Listings Available: 64

Market Values:

Home Prices from $10,531 to $27,732,172

Average Sales Price: $185,442

Rental Values:

Rental from $720 to $2,520

Average Rent Value: $1,249 / month

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