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 buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Cicero Township, IL

How much do homes in Cicero Township, IL cost?

Median Sold Price

$275,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,000(+7.0%)

Key Takeaway

Homes in Cicero Township have sold for 7% more than they did a year ago.

Summary: The median home sold price in Cicero Township was $275,000 in September 2024, up 7% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$60K
N/A
2 $196K$230K
+17.3%
3 $248.7K$269.9K
+8.5%
4 $268.4K$295K
+9.9%
5+ $320K$327.5K
+2.3%

Summary: Cicero Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

Berwyn
+9.5%
Berwyn Township
+9.5%
Cicero Township
+7.0%
Cicero
+7.0%
Stickney
+3.9%

Housing Supply in Cicero Township, IL

How many homes are available in Cicero Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
109119+9.2%

Summary: The Cicero Township real estate market had 119 homes for sale in September 2024, a 9.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 2020
0.0%
3 2732
+18.5%
4 2325
+8.7%
5+ 3841
+7.9%

Summary: The Cicero Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 7.9%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2815-46.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 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. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Cicero Township in September 2024, down by 46.4% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.

Days on Market for Cicero Township, IL

How long does it take to sell a home in Cicero Township, IL?

Average Sale Time

Sep 2023Sep 2024CHANGE
32 Days17 Days-47.9%

Summary: Homes in Cicero Township had an average of 17 days on market in Sep 2024, down by 47.9% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 15 homes were sold in Cicero Township; 87% of homes were sold within 30 days, 13% 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 26 Days Ago

Newest Listings in Cicero Township, IL

Nearby Markets to Cicero Township, IL

What housing markets are near Cicero Township, IL?