What happened to the median home price in Cicero during May 2021?

What happened to the median home price in Cicero during May 2021?
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The median sale price of a home sold in May 2021 in Cicero rose by $35,000 while total sales increased by 266.7%, according to BlockShopper.com.

In May 2021, there were 44 homes sold, with a median sale price of $232,500 – a 17.7% increase over the $197,500 median sale price for the same period of the previous year. There were 12 homes sold in Cicero in May 2020.

The median sales tax in Cicero for the most recent year with available data, 2019, was $4,394, approximately 1.9% of the median home sale price for May 2021.

The following table compares Cicero to other Cook County cities with similar median sale prices in May 2021:

City May 2021 Home Sales May 2020 Home Sales % change (Total Home Sales) May 2021 Median Sales Price May 2020 Median Sales Price % change (Median Sales Price)
Evergreen Park 36 10 260% $241,500 $240,000 0.6%
Wheeling 54 19 184.2% $239,500 $170,000 40.9%
Oak Forest 38 19 100% $238,500 $236,000 1.1%
Willow Springs 6 8 -25% $236,500 $268,000 -11.8%
Hanover Park 17 10 70% $235,000 $199,500 17.8%
Cicero 44 12 266.7% $232,500 $197,500 17.7%
Matteson 13 5 160% $230,000 $227,000 1.3%
Melrose Park 23 7 228.6% $230,000 $209,000 10%
Olympia Fields 7 3 133.3% $228,000 $280,000 -18.6%
Oak Lawn 111 33 236.4% $225,000 $189,000 19%
Indian Head Park 8 2 300% $224,500 $126,000 78.2%


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