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 November 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

$274,950

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,950(+5.8%)

Key Takeaway

Homes in Cicero have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Cicero was $274,950 in November 2024, up 5.8% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $60K$67.5K
+12.5%
2 $206K$227K
+10.2%
3 $251.5K$250K
-0.6%
4 $274.9K$295K
+7.3%
5+ $316.5K$354.9K
+12.1%

Summary: Cicero housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 10.2%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Cities

Berwyn
+8.6%
Berwyn Township
+8.6%
Stickney
+7.5%
Cicero
+5.8%
Cicero Township
+5.8%

Housing Supply in Cicero, IL

How many homes are available in Cicero, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
112130+16.1%

Summary: The Cicero real estate market had 130 homes for sale in November 2024, a 16.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1720
+17.6%
3 3336
+9.1%
4 2032
+60.0%
5+ 4141
0.0%

Summary: The Cicero housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2830+7.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

15 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. 50% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in Cicero in November 2024, up by 7.1% month-over-month. Of the 30 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
32 Days37 Days+13.0%

Summary: Homes in Cicero had an average of 37 days on market in Nov 2024, up by 13% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 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 November 2024, 30 homes were sold in Cicero; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% 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 20 Days Ago

Newest Listings in Cicero, IL

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