Calumet Housing Market Report February 2025•Houghton County, Michigan

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Housing Prices in Calumet, MI

How much do homes in Calumet, MI cost?

Housing Market Conditions

Is Calumet, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Calumet is a Seller's Market

Difference Since January 2025

Last month, Calumet was a Neutral Market.

Insight

Calumet is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$111,000$42/SqFt
+$1,000
+0.9%

Based on all homes sold in February 2025

Insight

Homes in Calumet have sold for 0.9% more than they did a month ago.

Summary: The median home sold price in Calumet was $111,000 in February 2025, up 0.9% from last month, and the median price per square foot was $42.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Calumet Charter Township
+36.2%
Calumet
+0.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2$110K$125K
+13.6%
3$140.5K-
N/A
4-$65K
N/A
5-$136K
N/A

Summary: Calumet housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +13.6%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Calumet, MI

How many homes are available in Calumet, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
18Last MonthFeb 2025
202 months agoJan 2025
-10.0 %
Change MoMJan – Feb

Summary: The Calumet real estate market had 18 homes for sale in Feb 2025, a 10.0 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
4Last MonthFeb 2025
32 months agoJan 2025
+33.3 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
233
0.0%
386
-25.0%
444
0.0%
555
0.0%

Summary: Calumet housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -25.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Calumet, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price3 Homes

Insight

If you're buying a home in Calumet, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Calumet in February 2025, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and and 0% were sold over asking.

Days on Market for Calumet, MI

How long does it take to sell a home in Calumet, MI?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days2 Homes

Insight

Most homes in Calumet are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 4 homes were sold in Calumet; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
155 DaysLast MonthFeb 2025
62 Days1 month agoJan 2025
+151.2 %
Change MoMJan – Feb

Summary: Homes in Calumet had an average listing age of 155 days in Feb 2025, up by 151.2% compared to the previous month.

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Newest Listings in Calumet, MI

What homes are available in Calumet, MI?

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Nearby markets

Popular Cities with Homes for Sale in Michigan

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Last updated on: 3/4/2025, 5:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 3/4/2025, 5:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.