Cicero Home Prices & Values

$100,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 6.2% 1-year change
  • -0.8% 1-year forecast

Market Temperature: Very HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Cicero is $100,700. Cicero home values have gone up 6.2% over the past year and Zillow predicts they will fall -0.8% within the next year. The median list price per square foot in Cicero is $74, which is lower than the Chicago Metro average of $134. The median price of homes currently listed in Cicero is $87,000 while the median price of homes that sold is $105,100.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Cicero is 17.8%, which is higher than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Cicero homeowners underwater on their mortgage is 48.6%, which is higher than Chicago Metro at 28.1%.

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Relative ZHVI
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Cicero Market Overview

Data through May 31, 2014
  • $100,700 ZHVI
  • -0.8% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $87,000 Median listing price
  • $105,100 Median sale price (Apr 30, 2014)
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Cicero Market Health

Data through May 31, 2014
  • 0.0/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 48.6% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 17.8% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
River Forest $496,000 Riverside $350,200 Oak Park $325,800
Chicago $182,300 North Riverside $169,200 Berwyn $152,200
Forest Park $149,900 Stickney $125,200 Lyons $125,200

Listings & Sales

Data through May 31, 2014
  • $74 Median list price / sq ft
  • $75 Median sale price / sq ft
  • 12.6% Listings with price cut
53.1%
Sold below listing
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Cicero Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,312 Cicero
$1,630 Chicago Metro
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $1.22 Rent list price / sq ft (Apr 30, 2014)
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