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Foreclosure Homes in Calumet Park, IL

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Calumet Park, IL Foreclosures

Current Market Conditions in in Calumet Park, IL As of April 2026?
Over the past month, the Calumet Park real estate market has experienced a slight uptick in home sales, mainly driven by an increase in buyer activity. Many homes have sold quickly, often above asking price, due to strong demand and limited inventory. This trend indicates a continuing recovery from previous market conditions, suggesting that homeowners could benefit from the increased property values. As we move into the colder months, it will be interesting to see if this momentum can be maintained.
How much do homes sell for in Calumet Park, IL?
The average home price is currently $193,450.
In Calumet Park, IL, how many homes are available?
There are currently 195 active home listings available in Calumet Park.
What’s the average rental cost in Calumet Park, IL?
The average rental price in Calumet Park is $1,287.
What is the most expensive home in Calumet Park?
The most expensive home sold in Calumet Park had a price of $3,548,626.
What is currently the cheapest priced home in Calumet Park, IL?
The cheapest home for sale in Calumet Park is priced at $17,600.

Living in Calumet Park, IL

Calumet Park, IL, is a cozy suburban community situated near Chicago, featuring a friendly atmosphere and easy access to local amenities. The area is characterized by its diverse housing options and numerous parks, creating a family-friendly environment. With convenient transportation links to the city, Calumet Park is an attractive choice for both urban commuters and those seeking a quieter lifestyle.

Buyer vs Seller Market in Calumet Park, IL

The real estate market in Calumet Park has shown signs of growth, with an increase in home prices over the past year. The appeal of affordable housing options combined with its proximity to Chicago has made it a hotspot for first-time homebuyers and investors alike.

In recent months, there has been a surge in demand for homes in the area, leading to a competitive market. As inventory levels remain low, buyers are finding themselves in multiple offer situations, driving prices up even further.

Home Value Estimator For Calumet Park, IL

There are currently 2,436 real estate properties in Calumet Park, IL, with a median automated valuation model (AVM) price of $177,523.00. 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 Park, 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 Park, IL, is $193,450.00, with the most expensive house in Calumet Park, IL, topping out at $3,548,626.00 and the cheapest home in Calumet Park, IL, clocking in at $17,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Calumet Park, IL!

Rent Prices In Calumet Park, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Calumet Park, IL, is on a rollercoaster ride. The average rent price in Calumet Park, IL, is $1,287.00. Indeed, when looking to rent in Calumet Park, IL, you can expect to pay as little as $890.00 or as much as $1,840.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Calumet Park, 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 Park, IL Foreclosures

Market Trend for Calumet Park, IL

Total Listings Available: 195

Market Values:

Home Prices from $17,600 to $3,548,626

Average Sales Price: $193,450

Rental Values:

Rental from $890 to $1,840

Average Rent Value: $1,287 / month

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