Altos Market Data for Realtors

Cicero, IL

Single-Family Homes

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Cicero, IL

Tue Sep 21 2021
This week the median list price for Cicero, IL is $248,900 with the market action index hovering around 54. This is less than last month's market action index of 58. Inventory has increased to 47. Click here to stay informed with the Cicero market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cicero, IL

Tue Sep 21 2021
This week the median list price for Cicero, IL is $248,900 with the market action index hovering around 54. This is less than last month's market action index of 58. Inventory has increased to 47. Click here to stay informed with the Cicero market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Cicero market.
Median List Price $248,900
Median Price of New Listings $277,400
Per Square Foot $188
Average Days on Market 57
Median Days on Market 28
Price Decreased 36%
Price Increased 2%
Relisted 26%
Inventory 47
Median Rent
Market Action 54
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$307,500 1,629 0 - 4,500 sqft 3 2 76 2 1 28
$266,999 1,322 0 - 4,500 sqft 3 2 100 4 2 45
$229,499 1,214 0 - 4,500 sqft 2 2 80 2 0 28
$171,250 1,040 0 - 4,500 sqft 3 1 104 2 2 28