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Featured local agent — Hammond, IL
Sarah Mitchell
Compass Real Estate · Hammond, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hammond, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$167,500median sale price
How is the Hammond, IL housing market right now?
The median home sale price in Hammond, IL is $167,500. Homes sell in an average of 47 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Hammond a buyer's or seller's market?
Hammond, IL is currently a seller's market, based on 1.0 months of supply and homes selling in about 47 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
47
Average pace
Active listings
1
1.0 months supply
Sale-to-list
100.0%
Above asking
What does the Hammond housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $167,500 |
| Median list price | $54,000 |
| Average days on market | 47 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $109/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Hammond by property type?
How the Hammond, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $167,500 | $109/sq ft | 1 | 47 days |
Source: Redfin · Updated monthly
The Hammond housing market is currently classified as a seller's market with a median sale price of $167,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 47 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 1.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Hammond
There are currently 1 homes listed for sale in Hammond, Illinois. The median listing price is $54K.
Active listings
1
Homes on market
Median list price
$54K
Avg. days on market
47
Days until sale
New this week
1
Newly listed
Who lives in Hammond?
Population
602
Median income
$73,571/yr
Median age
33.4 years
Owner-occupied
85.9%
College grads
22.9%
Avg commute
38 min
Source: U.S. Census Bureau ACS
What are homes worth in Hammond?
Zillow home value
$139,783
Price-to-income
1.9x
Source: Zillow Research
What is it like to live in Hammond?
Hammond is a community of approximately 1K residents with a median age of 33.4 years.The median household income is $73,571, which represents a working-class community with solid middle-income opportunities. 22.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 85.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 38 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Hammond offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Hammond, IL?
Want a head-to-head view? Compare Hammond side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Hammond?
The median home sale price in Hammond is $167,500, down 0.0% from last year.
How long do homes stay on market in Hammond?
Homes typically spend 47 days on market before going under contract.
What is the median income in Hammond?
The median household income is $73,571 per year.
Is Hammond a buyer's or seller's market?
With 1.0 months of supply, Hammond is currently a seller's market.
What is the Zillow home value estimate for Hammond?
The Zillow Home Value Index (ZHVI) for Hammond is $139,783, representing the typical home value in the area.
How much does a single-family home cost in Hammond?
The median single-family home price in Hammond, IL is $167,500 (about $109 per square foot).
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