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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cicero Township is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Cicero Township has remained a Seller's Market.

Key Takeaway

Cicero Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cicero Township, IL cost?

Median Sold Price

$250,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$23,454(+10.4%)

Key Takeaway

Homes in Cicero Township have sold for 10.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $62K$37K
-40.3%
2 $170.5K$211.5K
+24.0%
3 $209.9K$238K
+13.4%
4 $246.5K$265K
+7.5%
5+ $272K$305K
+12.1%

Median Sold Price Compared To Nearby Cities

Stickney
+11.3%
Cicero Township
+10.4%
Cicero
+10.4%
Berwyn
+9.3%
Berwyn Township
+9.2%

How many homes are available in Cicero Township, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
186191+2.7%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 2422
-8.3%
3 4256
+33.3%
4 4543
-4.4%
5+ 7570
-6.7%

Number of Homes Sold

Nov 2021Dec 2021%
32320.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cicero Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
33 Days25 Days-25.8%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cicero Township are selling fast, if you're buying plan to act quickly.

About Cicero Township, IL

Cicero Township, IL has 191 homes for sale to choose from. The inventory of homes for sale in Cicero Township, IL between November 2021 and December 2021 increased by 2.7%. The median list price of listings available in December 2021 was $250,000, while the average time on the real estate market was 25 days. Listing prices have changed in this real estate market between November 2021 and December 2021: prices of 1 bedroom properties went down by 40.3%, 2 bedrooms properties became 24% more expensive, the cost of 3 bedrooms properties went up by 13.4%, the cost of 4 bedrooms properties went up by 7.5%, prices of 5 bedrooms properties increased by 12.1%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory decreased by 8.3%, number of 3 bedrooms homes increased by 33.3%, number of 4 bedrooms homes decreased by 4.4%, number of 5 bedrooms homes decreased by 6.7%. Over 7 listings were sold over their listed price in December 2021 in Cicero Township, IL. In the same period over 16 listings were sold below the listed price and 9 listings were sold for the listed price.

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