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Friday, April 26, 2024

Cicero home prices rise in 2018

Realestate1

The median sale price of a home sold in 2018 in Cicero rose by $22,500 while total sales decreased by 20.7%, according to BlockShopper.com.

From January through December of 2018, there were 491 homes sold, with a median sale price of $175,000 - a 14.8% increase over the $152,500 median sale price for the previous year. There were 619 homes sold in Cicero in 2017.

The median sales tax in Cicero for the most recent year with available data, 2017, was $4,393, approximately 2.5% of the median home sale price for 2018.

The following table compares Cicero to other Cook County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Oak Forest463468-1.1%$180,500$172,5004.6%
Evergreen Park317338-6.2%$180,000$170,0005.9%
Bridgeview140160-12.5%$180,000$173,5003.7%
Lyons126154-18.2%$180,000$146,00023.3%
Elgin322404-20.3%$177,000$166,0006.6%
Cicero491619-20.7%$175,000$152,50014.8%
Oak Lawn9541,085-12.1%$175,000$167,5004.5%
Northlake148175-15.4%$174,250$170,0002.5%
Countryside8990-1.1%$166,500$216,500-23.1%
Lynwood94109-13.8%$163,250$129,00026.6%
Palos Hills2852724.8%$160,000$152,5004.9%

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