Is Cicero, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cicero has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $50K | N/A |
2 Bedrooms | $208K | $227K | +9.1% |
3 Bedrooms | $246K | $265K | +7.7% |
4 Bedrooms | $269.9K | $290K | +7.4% |
5+ Bedrooms | $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 | $294.6K | $325.7K | +10.6% |
Berwyn | $294.7K | $325.7K | +10.5% |
Stickney | $250K | $267K | +6.8% |
Cicero | $260K | $268K | +3.1% |
Cicero Township | $260K | $268K | +3.1% |
Housing Supply in Cicero, IL
How many homes are available in Cicero, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
113 | 124 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 18 | 24 | +33.3% |
3 Bedrooms | 33 | 33 | 0.0% |
4 Bedrooms | 26 | 25 | -3.8% |
5+ Bedrooms | 36 | 41 | +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 2024 | May 2024 | CHANGE |
---|---|---|
28 | 25 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 30 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
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.