Current Price

$124,308

1 Month Forecast

â–¼ $124,250

1-Year Forecast *

â–² $128,841

5-Year Forecast *

â–² $151,111

"Is it a good time to buy homes in Hammond?" "Does investing in real estate in Hammond (Illinois State, Piatt County) worth it?" According to our live Forecast System, buying a house in Hammond is a not so good short-term (1-year) investment*. The Hammond average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Hammond" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Hammond in Illinois State, Piatt County. If you are looking for homes for sale with good flipping profit, Hammond can be a profitable property investment option. The median price of an average house in Hammond was 124,308 USD on 2026-03-04. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Hammond" area is 151,111 USD by 2031-03-04. For a 5-year investment the profit is expected to be around +21.56% meaning that investing 100000 USD today may yield a profit of 21,561 USD by 2031.

Current Median Listing Price: 124,308 USD Median Listing Price Per Square Foot: 69 USD

Hammond Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Hammond (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Hammond Price Target

Hammond median home price target in 12 months: $128,841* (upside of 3.6%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2024 $115,250 $124,308 $115,250 $124,308
2023 $105,810 $114,578 $105,810 $114,578
2022 $97,627 $104,395 $97,627 $104,395
2021 $91,218 $96,380 $91,218 $96,380
2020 $85,288 $91,140 $85,138 $91,787
2019 $80,227 $85,222 $80,227 $85,452
2018 $0 $79,393 $0 $79,393
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2015 $0 $0 $0 $0
2014 $0 $0 $0 $0
2013 $0 $0 $0 $0
2012 $0 $0 $0 $0

Questions & Answers about the Hammond Housing Market Forecast

How much does an average home cost in Hammond today?

The value of an average home (the listing price) in Hammond is $124,308 USD.

What is the average price per square foot in Hammond?

According to Walletinvestor the median price per square foot in Hammond is 69 USD.

Will the median listing price of homes in Hammond grow / rise / go up?

Yes. The Hammond home prices may rise from 124,308 USD to 128,841 USD in one year.

Is it profitable to invest in Hammond homes?

Yes. The long-term profit potential is +3.65% in one year.

Will Hammond house prices fall / drop?

No. See above.

What is the predicted price of a Hammond home in 2030?

The predicted home sales price of a Hammond home in 2030 in Hammond is 144,764 USD.

What is the predicted price of a Hammond home in 2035?

The predicted home sales price of a Hammond home in 2035 in Hammond is 176,818 USD.

Will real estate prices decrease in Hammond?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Hammond is the 23101. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in Piatt, Hammond remained stable, looking at the past 12 months.

According to Walletinvestor's Hammond real estate market research, home values will increase in the next 12 months.

Median home values remained unchanged to 124,308 USD, between 2025-03-04 and 2026-03-04

The average annual profit of property investment was:

  • 5.606% in 2021
  • 1.646% in 2022
  • 4.806% in 2023
  • 3.016% in 2024
  • 2.486% in 2025
  • 5.136% in 2026

Based on our Hammond real estate market research and report the predicted sales prices will increase by 43.062% in the next 10 years.

Hammond (Illinois) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Hammond Housing Market Forecast with Real Estate Prices for 2025
January 2025 124250 112322 136178
February 2025 124360 116276 132443
March 2025 124923 117302 132543
April 2025 125488 118837 132139
May 2025 125697 119287 132108
June 2025 125456 114416 136496
July 2025 125964 114627 137301
August 2025 126534 119828 133241
September 2025 127107 117193 137021
October 2025 127682 117085 138280
November 2025 128260 117615 138906
December 2025 128841 116601 141081
Hammond Housing Market Forecast with Real Estate Prices for 2026
January 2026 129424 121529 137319
February 2026 129813 119558 140068
March 2026 130400 123749 137050
April 2026 130990 119594 142386
May 2026 131583 123951 139215
June 2026 131671 119294 144048
July 2026 132047 122936 141159
August 2026 132325 122665 141985
September 2026 132924 123354 142495
October 2026 133526 123111 143941
November 2026 134130 123668 144592
December 2026 134737 126518 142956
Hammond Housing Market Forecast with Real Estate Prices for 2027
January 2027 134479 122510 146447
February 2027 135087 122119 148056
March 2027 135699 128914 142484
April 2027 136313 125681 146945
May 2027 136930 125154 148706
June 2027 137550 129984 145115
July 2027 138027 125467 150588
August 2027 138652 131304 146001
September 2027 139113 127845 150381
October 2027 139742 131218 148267
November 2027 140375 131812 148938
December 2027 141010 127191 154829
Hammond Housing Market Forecast with Real Estate Prices for 2028
January 2028 141649 128050 155247
February 2028 142290 130480 154100
March 2028 142431 128473 156389
April 2028 142158 132349 151967
May 2028 142360 130259 154460
June 2028 142248 133855 150640
July 2028 142891 134032 151751
August 2028 143538 132629 154447
September 2028 144052 132960 155144
October 2028 143984 134625 153343
November 2028 144111 136474 151749
December 2028 144764 134051 155476
Hammond Housing Market Forecast with Real Estate Prices for 2029
January 2029 145419 132622 158216
February 2029 145661 134882 156440
March 2029 145382 135060 155704
April 2029 145970 131373 160567
May 2029 146631 135487 157775
June 2029 147295 137279 157311
July 2029 147961 134793 161130
August 2029 148631 136592 160670
September 2029 149304 139748 158859
October 2029 149980 137831 162128
November 2029 150431 135388 165474
December 2029 151111 137964 164257
Hammond Housing Market Forecast with Real Estate Prices for 2030
January 2030 151795 143446 160143
February 2030 152482 143485 161478
March 2030 152584 142056 163112
April 2030 153020 142461 163578
May 2030 153342 145061 161622
June 2030 154036 143715 164356
July 2030 154733 145759 163708
August 2030 155433 144087 166780
September 2030 156137 147393 164881
October 2030 155837 145708 165967
November 2030 156543 146994 166092
December 2030 157251 149074 165428
Hammond Housing Market Forecast with Real Estate Prices for 2031
January 2031 157963 148959 166967
February 2031 158678 144714 172642
March 2031 159396 147123 171670
April 2031 159950 149873 170027
May 2031 160674 147659 173688
June 2031 161208 148795 173620
July 2031 161937 152383 171491
August 2031 162670 146891 178449
September 2031 163406 147556 179257
October 2031 164146 152328 175965
November 2031 164889 150873 178905
December 2031 165053 154489 175616

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.