Is Cicero, NY 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.
Key Takeaway
Cicero is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cicero, NY
How much do homes in Cicero, NY cost?
Median Sold Price
$247,200
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cicero have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Cicero was $247,200 in May 2024, up 12.4% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $155K | $165K | +6.5% |
| 3 Bedrooms | $201K | $232.5K | +15.6% |
| 4 Bedrooms | $315K | $312K | -1.0% |
| 5+ Bedrooms | $277K | $247.5K | -10.6% |
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 6.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Cities
| Cicero | $219.9K | $247.2K | +12.4% |
| Brewerton | $250K | $276.5K | +10.6% |
| Constantia | $193.2K | $206K | +6.6% |
| Bridgeport | $187.4K | $199.5K | +6.5% |
Housing Supply in Cicero, NY
How many homes are available in Cicero, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 90 | 85 | -5.6% |
Summary: The Cicero real estate market had 85 homes for sale in May 2024, a 5.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 55 | 46 | -16.4% |
| 4 Bedrooms | 22 | 26 | +18.2% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Cicero housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cicero, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Cicero in May 2024, the same as the previous month. Of the 21 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Cicero, NY
How long does it take to sell a home in Cicero, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 16 Days | +74.3% |
Summary: Homes in Cicero had an average of 16 days on market in May 2024, up by 74.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cicero are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Cicero; 95% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
