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South Cook News

Wednesday, April 24, 2024

Q4 real estate sales report: Calumet City

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Median prices rose in Calumet City over last year, and are down 5.7 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 96 homes sold in Calumet City for a median price of $75,000. That's 8.1 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 15 homes in Calumet City were in foreclosure.

Median property tax for homeowners in Calumet City was $4,289.75 in 2017 according to tax data from that year. That means homeowners pay 6.2 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Calumet City real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
92
$79,560
-
2010
62
$66,690
-16.2%
2011
67
$59,890
-10.2%
2012
104
$37,060
-38.1%
2013
93
$48,060
29.7%
2014
110
$47,700
-0.7%
2015
126
$50,350
5.6%
2016
109
$63,000
25.1%
2017
114
$69,360
10.1%
2018
96
$75,000
8.1%

Median property tax
Median sale price
Effective property tax rate
2009
$5,074.66
$79,560
6.4%
2010
$4,059.20
$66,690
6.1%
2011
$4,707.47
$59,890
7.9%
2012
$4,214.16
$37,060
11.4%
2013
$4,554
$48,060
9.5%
2014
$4,255.07
$47,700
8.9%
2015
$4,298.24
$50,350
8.5%
2016
$4,503.10
$63,000
7.1%
2017
$4,289.74
$69,360
6.2%

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