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Thursday, February 20, 2020

Cicero home prices rise in May 2017

Real Estate

By West Cook News | Jun 7, 2017

Realestate077

The median sale price of a home sold in May 2017 in Cicero rose by $40,250 while total sales decreased by 13.3%, according to BlockShopper.com.

In May 2017, there were 52 homes sold, with a median sale price of $151,000 - a 36.3% increase over the $110,750 median sale price for the same period of the previous year. There were 60 homes sold in Cicero in May 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 2.9%.

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

City
May 2017 Home Sales
May 2016 Home Sales
% change (Total Home Sales)
May 2017 Median Sales Price
May 2016 Median Sales Price
% change (Median Sales Price)
Elgin
28
28
0%
$163,000
$136,000
19.9%
Hillside
9
8
12.5%
$160,000
$88,750
80.3%
Evergreen Park
35
29
20.7%
$158,500
$163,000
-2.8%
Palos Hills
29
28
3.6%
$153,500
$167,000
-8.1%
Summit
17
10
70%
$153,000
$151,500
1%
Cicero
52
60
-13.3%
$151,000
$110,750
36.3%
Justice
11
12
-8.3%
$145,000
$140,750
3%
Alsip
23
22
4.5%
$144,000
$127,500
12.9%
Northlake
10
7
42.9%
$143,000
$147,000
-2.7%
Lynwood
8
8
0%
$142,250
$86,000
65.4%
Midlothian
15
19
-21.1%
$142,000
$128,000
10.9%

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