Is Cicero, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cicero is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Cicero has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Cicero, IL

How much do homes in Cicero, IL cost?

Median Sold Price

$268,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,000(+3.1%)

Key Takeaway

Homes in Cicero have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Cicero was $268,000 in May 2024, up 3.1% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$50K
N/A
2 $208K$227K
+9.1%
3 $246K$265K
+7.7%
4 $269.9K$290K
+7.4%
5+ $315K$315K
0.0%

Summary: Cicero housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Berwyn Township
+10.6%
Berwyn
+10.5%
Stickney
+6.8%
Cicero
+3.1%
Cicero Township
+3.1%

Housing Supply in Cicero, IL

How many homes are available in Cicero, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
113124+9.7%

Summary: The Cicero real estate market had 124 homes for sale in May 2024, a 9.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 1824
+33.3%
3 3333
0.0%
4 2625
-3.8%
5+ 3641
+13.9%

Summary: The Cicero housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 13.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2825-10.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cicero, you could pay more than the asking price. 48% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Cicero in May 2024, down by 10.7% month-over-month. Of the 25 sold homes, 32% were sold under asking, 20% were sold at asking, and 48% were sold over asking.

Days on Market for Cicero, IL

How long does it take to sell a home in Cicero, IL?

Average Sale Time

May 2023May 2024CHANGE
29 Days30 Days+4.7%

Summary: Homes in Cicero had an average of 30 days on market in May 2024, up by 4.7% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cicero are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 25 homes were sold in Cicero; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Cicero, IL

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