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Preforeclosure Homes in Calumet City, IL

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Living in Calumet City, IL

Calumet City, Illinois, is a lively suburb just south of Chicago, featuring diverse cultural offerings and a variety of amenities. Residents enjoy a range of parks and recreational activities, along with easy access to downtown Chicago. The area is perfect for families and professionals seeking suburban comfort with urban advantages.

Current Market Conditions in Calumet City, IL

The real estate market in Calumet City has shown steady growth over the past few years, with increasing demand for homes due to its convenient location near Chicago. Home prices are considered affordable when compared to nearby suburbs, attracting first-time buyers and investors. There is a mix of single-family homes and smaller multi-family units, providing a range of options for potential homeowners.

Current trends indicate that homes are selling quickly, often receiving multiple offers. The attractiveness of the area, combined with ongoing development efforts, suggests that Calumet City will continue to experience a positive market for both buyers and sellers.

Home Value Estimator For Calumet City, IL

There are currently 11,894 real estate properties in Calumet City, IL, with a median automated valuation model (AVM) price of $168,791.00. 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 $187,629.00, 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 $12,942.00. 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 Preforeclosure Homes


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