From January through March of 2017, there were 165 homes sold, with a median sale price of $148,000 - a 9.6% increase over the $135,000 median sale price for the same period of the previous year. There were 153 homes sold in Cicero in the first quarter of 2016.
The median sales tax in Cicero for 2017 was $4,393.41. In 2016, the median sales tax was $3,888.90. This marks an increase of 13%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3%.
The following table compares Cicero to other Cook County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oak Forest | 92 | 95 | -3.2% | $153,250 | $155,000 | -1.1% |
| Franklin Park | 59 | 54 | 9.3% | $150,000 | $155,750 | -3.7% |
| Elgin | 87 | 71 | 22.5% | $150,000 | $146,000 | 2.7% |
| Berkeley | 16 | 21 | -23.8% | $149,500 | $120,500 | 24.1% |
| Justice | 16 | 26 | -38.5% | $149,250 | $143,000 | 4.4% |
| Cicero | 165 | 153 | 7.8% | $148,000 | $135,000 | 9.6% |
| Palos Hills | 55 | 57 | -3.5% | $147,000 | $145,000 | 1.4% |
| Broadview | 28 | 39 | -28.2% | $145,000 | $120,000 | 20.8% |
| Merrionette Park | 5 | 4 | 25% | $145,000 | $88,000 | 64.8% |
| Forest View | 2 | 1 | 100% | $141,500 | $159,000 | -11% |
| Lynwood | 28 | 29 | -3.4% | $137,000 | $123,000 | 11.4% |
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