$15,000
19 Pulaski Rd
Calumet City, IL
Land
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Sarah Mitchell
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Compass Real Estate · Calumet City, IL
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Calumet City, IL(512) 555-0184TX License #0512847
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Calumet City, IL Housing Market
Buyer's market-1.5% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Calumet City, IL is worth $158,534, fell 1.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $139,950, -14.4% year over year (through May 2026). With 5.9 months of supply and homes going under contract in about 78 days, Calumet City is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $158,534 home is about $846/mo in principal and interest.
Key numbers for Calumet City, IL
Typical home value
$158,534
-1.5% in 12 months
Zillow, August 2026
Typical asking rent
$1,572/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$139,950
-14.4% year over year
Redfin, through May 2026
Days on market
78
Slow-moving
Redfin, through May 2026
Active listings
165
5.9 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$53,991
Home costs 2.9x income
U.S. Census ACS, 2023
Sale-to-list ratio
94.6%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Calumet City a buyer's or seller's market?
Buyer's market5.9 months of supply78 days on market94.6% of asking
Calumet City, IL is a buyer's market, based on 5.9 months of supply and homes selling in about 78 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Calumet City housing market data show?
Every row below is Redfin's final published month for Calumet City, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $139,950 |
| Median list price | $169,500 |
| Year-over-year price change | -14.4% |
| Median price per sq ft | $98/sq ft |
| Median days on market | 78 days |
| Active inventory | 165 listings |
| Months of supply | 5.9 months |
| Sale-to-list price ratio | 94.6% |
| Homes sold (that month) | 28 |
| New listings (that month) | 28 |
| Listings with a price cut | 23.6% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Calumet City is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Calumet City is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Calumet City home prices moved?
Over the last three years the median sale price in Calumet City, IL fell 4.5%, from $146,500 to $139,950. The live Zillow value series has fell 1.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 23.6% of Calumet City listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 5.9 months while the sale-to-list ratio slips below its current 94.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Calumet City?
Priced off the typical home value of $158,534 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $31,707 | $126,828 | $846/mo |
| 5% | $7,927 | $150,608 | $1,005/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $846, that implies roughly $36,272 a year before you add taxes and insurance. The median household in Calumet City earns $53,991, about $17,719 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.9x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Calumet City in the next 12 months?
Tell us your timeline. We send the Calumet City market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Calumet City?
Typical asking rent in Calumet City, IL is $1,572/mo, against a typical home value of $158,534. That is a price-to-rent ratio of 8.4x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $846 a month — $725 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Calumet City?
Active listings in Calumet City, IL went from 221 in May 2025 to 165 in May 2026, a -25.3% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 236 | 63 |
| July 2025 | 222 | 53 |
| August 2025 | 218 | 56 |
| September 2025 | 210 | 51 |
| October 2025 | 209 | 49 |
| November 2025 | 191 | 34 |
| December 2025 | 181 | 27 |
| January 2026 | 193 | 48 |
| February 2026 | 198 | 43 |
| March 2026 | 188 | 43 |
| April 2026 | 183 | 45 |
| May 2026 | 165 | 28 |
Redfin, through May 2026
How does Calumet City compare to Illinois and the U.S.?
Calumet City homes sell for $139,950 — 59% below the Illinois median of $337,900. Against the national median of $410,700, Calumet City runs 66% lower. Year-over-year, Calumet City moved -14.4% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Calumet City, IL | $139,950 | -14.4% | 78 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Calumet City
What buyers should watch
- Months of supply, currently 5.9. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 23.6%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $159 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $158,534 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Calumet City listing goes under contract in 78 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 94.6% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Calumet City added 28 new listings against 28 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -1.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Calumet City varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Calumet City
There are currently 165 homes listed for sale in Calumet City, Illinois. The median listing price is $170K. Featured listings range from $15,000 to $234,800.
$15,000
448 155th St
Calumet City, IL
Land
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$15,000
19 154th Pl
Calumet City, IL
Land
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$45,900
445 155th Pl
Calumet City, IL
3 bd1 ba1,008 sqft$46/ft²
House3,093 sqft lot
View photos & details
$102,500
1568 Wentworth Ave
Calumet City, IL
3 bd2 ba1,641 sqft$62/ft²
House4,792 sqft lot
View photos & details
$119,950
1527 Wentworth Ave
Calumet City, IL
4 bd1 ba1,123 sqft$107/ft²
House5,998 sqft lot
View photos & details
$120,000
321 152nd Pl
Calumet City, IL
4 bd2 ba
House4,992 sqft lot
View photos & details
$170,000
110 Forestdale Pkwy
Calumet City, IL
5 bd3 ba2,282 sqft$74/ft²
House
View photos & details
$172,900
1336 Hirsch Ave
Calumet City, IL
4 bd2 ba1,200 sqft$144/ft²
House
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$179,900
1263 Mackinaw Ave
Calumet City, IL
3 bd2 ba1,102 sqft$163/ft²
House
View photos & details
$224,900
656 Saginaw Ave
Calumet City, IL
3 bd2 ba1,246 sqft$180/ft²
House5,619 sqft lot
View photos & details
$234,800
1051 Burnham Ave
Calumet City, IL
2 bd2 ba1,824 sqft$129/ft²
House4,661 sqft lot
View photos & details
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Active listings
165
Homes on market
Median list price
$170K
Avg. days on market
78
Days until sale
New this week
28
Newly listed
Price drops:23.6%of listings
Sale-to-list:94.6%
How much do homes cost in Calumet City by property type?
How the Calumet City, IL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $142,500 | $107/sq ft | 24 | 63 days |
| Condo / co-op | $75,000 | $71/sq ft | 3 | 189 days |
Who lives in Calumet City?
American Community Survey estimates for Calumet City. U.S. Census ACS, 2023
Population
35,253
Households
14,678
Median income
$53,991/yr
Median age
37.8 years
Owner-occupied
55.9%
Median home value
$133,600
Median gross rent
$1,138/mo
Mean commute
33.5 min
55.9% of occupied homes in Calumet City are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $133,600 against Zillow's $158,534 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,138/mo, below Zillow's $1,572/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Calumet City?
14 schools tracked · 5,254 students
The largest public schools serving Calumet City, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Thornton Fractnl No High School
Grades 9-12 · 1,389 students
Lincoln Elem School
Grades PK-8 · 740 students
Hoover Elem School
Grades PK-5 · 528 students
Caroline Sibley Elem School
Grades K-6 · 525 students
Wilson Elementary School
Grades PK-2 · 355 students
Wentworth Intermediate School
Grades 3-5 · 316 students
Wentworth Jr High School
Grades 6-8 · 313 students
Carol Moseley Braun School
Grades K-6 · 287 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Calumet City, IL?
Ordered by distance from Calumet City, not by size. Compare Calumet City side by side with any of them.
Calumet City housing market FAQ
Is Calumet City a buyer's or seller's market?
Calumet City, IL is currently a buyer's market. That read comes from 5.9 months of supply, homes going under contract in about 78 days, and sellers getting 94.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Calumet City?
The typical home in Calumet City, IL is worth $158,534 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $139,950, about $98 per square foot.
Is Calumet City cheaper than the rest of Illinois?
Calumet City's median sale price of $139,950 is 59% lower than the Illinois statewide median of $337,900, and 66% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Calumet City?
Homes in Calumet City, IL spent a median of 78 days on market before going under contract, versus 43 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Calumet City?
At the current 30-year fixed rate of 7.03%, 20% down on a $158,534 home is about $846 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $36,272 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $53,991.
Are home prices rising in Calumet City?
The typical home value in Calumet City, IL fell 1.5% over the last 12 months, from $160,928 to $158,534 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Calumet City?
Calumet City ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Calumet City?
That depends on your timeline, not on a headline. What the data says today: Calumet City, IL is a buyer's market with 5.9 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 8.4x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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