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 October 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

$270,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,000(+5.1%)

Key Takeaway

Homes in Cicero have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Cicero was $270,000 in October 2024, up 5.1% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $60K$67.5K
+12.5%
2 $202.4K$227K
+12.1%
3 $250K$267K
+6.8%
4 $260K$295K
+13.5%
5+ $320K$335K
+4.7%

Summary: Cicero housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities

Berwyn
+8.3%
Berwyn Township
+8.3%
Stickney
+5.8%
Cicero
+5.1%
Cicero Township
+5.1%

Housing Supply in Cicero, IL

How many homes are available in Cicero, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
103135+31.1%

Summary: The Cicero real estate market had 135 homes for sale in October 2024, a 31.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1823
+27.8%
3 2937
+27.6%
4 1926
+36.8%
5+ 3648
+33.3%

Summary: The Cicero housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1828+55.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

17 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. 60.7% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in Cicero in October 2024, up by 55.6% month-over-month. Of the 28 sold homes, 18% were sold under asking, 21% were sold at asking, and 61% 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

Oct 2023Oct 2024CHANGE
19 Days18 Days-4.1%

Summary: Homes in Cicero had an average of 18 days on market in Oct 2024, down by 4.1% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 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 October 2024, 28 homes were sold in Cicero; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in Cicero, IL

Nearby Markets to Cicero, IL

What housing markets are near Cicero, IL?