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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cicero is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Cicero was a Seller's Market.

Key Takeaway

Cicero is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Cicero, IL cost?

Median Sold Price

$265,666

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$20,875(+8.5%)

Key Takeaway

Homes in Cicero have sold for 8.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $37K-
N/A
2 $203K$215K
+5.9%
3 $234.9K$246.9K
+5.1%
4 $265K$279.9K
+5.6%
5+ $300K$315K
+5.0%

Median Sold Price Compared To Nearby Cities

Cicero
+8.5%
Cicero Township
+8.5%
Berwyn
+4.6%
Berwyn Township
+4.6%
Stickney
-8.4%

How many homes are available in Cicero, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
165184+11.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 1822
+22.2%
3 5055
+10.0%
4 4247
+11.9%
5+ 5560
+9.1%

Number of Homes Sold

Sep 2022Oct 2022%
3118-41.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

10 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. 55.6% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
33 Days25 Days-24.1%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

2 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.

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

About Cicero, IL

Cicero, IL has 184 homes on the market. The number of listings in Cicero, IL increased by 11.5% between September 2022 and October 2022. The median list price of listings available in October 2022 was $265,666, while the average time on the real estate market was 25 days. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 5.9%, 3 bedrooms properties became 5.1% more expensive, the cost of 4 bedrooms properties went up by 5.6%, prices of 5 bedrooms properties went up by 5%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory increased by 22.2%, the quantity of 3 bedrooms homes went up by 10%, number of 4 bedrooms homes increased by 11.9%, volume of 5 bedrooms homes went up by 9.1%. While more than 10 listings in Cicero, IL in October 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 7 were sold below.

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