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Thursday, November 14, 2019

Cicero home prices rise in February 2017

Real Estate

By West Cook News | Mar 7, 2017

Realestate077

The median sale price of a home sold in February 2017 in Cicero rose by $29,500 while total sales decreased by 5.9%, according to BlockShopper.com.

In February 2017, there were 48 homes sold, with a median sale price of $164,500 - a 21.9% increase over the $135,000 median sale price for the same period of the previous year. There were 51 homes sold in Cicero in February 2016.

The median sales tax in Cicero for 2017 was $4,393. In 2016, the median sales tax was $3,889. 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 2.7%.

The following table compares Cicero to other Cook County cities with similar median sales prices in February 2017:

City
Feb. 2017 Home Sales
Feb. 2016 Home Sales
% change (Total Home Sales)
Feb. 2017 Median Sales Price
Feb. 2016 Median Sales Price
% change (Median Sales Price)
Schiller Park
6
13
-53.8%
$177,750
$199,000
-10.7%
Willow Springs
5
8
-37.5%
$176,000
$180,000
-2.2%
River Grove
13
11
18.2%
$175,000
$125,000
40%
Hanover Park
16
17
-5.9%
$175,000
$148,000
18.2%
Oak Forest
36
36
0%
$173,500
$149,500
16.1%
Cicero
48
51
-5.9%
$164,500
$135,000
21.9%
Melrose Park
17
11
54.5%
$163,500
$149,000
9.7%
Justice
5
7
-28.6%
$163,000
$125,000
30.4%
Burbank
17
20
-15%
$162,000
$135,750
19.3%
Buffalo Grove
25
19
31.6%
$161,000
$179,000
-10.1%
Broadview
4
9
-55.6%
$160,000
$120,000
33.3%

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