$35,000
428 N Washington St
Cerro Gordo, IL
3 bd1 ba1,200 sqft$29/ft²
House
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Sarah Mitchell
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Compass Real Estate · Cerro Gordo, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Cerro Gordo, IL(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
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Cerro Gordo, IL Housing Market & Real Estate
Balanced market
Housing market overview · Updated monthly ·
$170,000median sale price
How is the Cerro Gordo, IL housing market right now?
The median home sale price in Cerro Gordo, IL is $170,000. Homes sell in an average of 65 days with 3 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cerro Gordo a buyer's or seller's market?
Balanced market3.0 months of supply65 avg. days on market
Cerro Gordo, IL is currently a balanced market, based on 3.0 months of supply and homes selling in about 65 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
65
Average pace
Active listings
3
3.0 months supply
Sale-to-list
97.1%
Below asking
What does the Cerro Gordo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $170,000 |
| Median list price | $355,000 |
| Average days on market | 65 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 97.1% |
| Median price per sq ft | $121/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 66.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Cerro Gordo by property type?
How the Cerro Gordo, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $170,000 | $121/sq ft | 1 | 65 days |
Source: Redfin · Updated monthly
The Cerro Gordo housing market is currently classified as a balanced market with a median sale price of $170,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 65 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.1x provides context for how home values compare to local earning capacity.
Homes for sale in Cerro Gordo
There are currently 3 homes listed for sale in Cerro Gordo, Illinois. The median listing price is $355K. Featured listings range from $35,000 to $210,000.
$45,000
200 Jackson St
Cerro Gordo, IL
1 bd1 ba786 sqft$57/ft²
House9,583 sqft lot
View photos & details
$105,000
117 W South St
Cerro Gordo, IL
3 bd1 ba1,776 sqft$59/ft²
House8,712 sqft lot
View photos & details
$210,000
414 W Crea St
Cerro Gordo, IL
4 bd2 ba1,797 sqft$117/ft²
House11,761 sqft lot
View photos & details
Looking to buy in Cerro Gordo?
Get connected with a local real estate expert — free, no obligation.
Active listings
3
Homes on market
Median list price
$355K
Avg. days on market
65
Days until sale
New this week
2
Newly listed
Price drops:66.7%of listings
Sale-to-list:97.1%
Who lives in Cerro Gordo?
Population
1,426
Median income
$69,118/yr
Median age
33.7 years
Owner-occupied
78.2%
College grads
17.6%
Avg commute
21.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Cerro Gordo?
Zillow home value
$145,328
Price-to-income
2.1x
Source: Zillow Research
What is it like to live in Cerro Gordo?
Cerro Gordo is a community of approximately 1K residents with a median age of 33.7 years.The median household income is $69,118, which represents a working-class community with solid middle-income opportunities. 17.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cerro Gordo offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cerro Gordo?
2 schools tracked · 460 students
The largest public schools serving Cerro Gordo, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Cerro Gordo Elem School
Grades PK-5 · 240 students
Cerro Gordo Jr and Sr High Sch
Grades 6-12 · 220 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cerro Gordo, IL?
Want a head-to-head view? Compare Cerro Gordo side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cerro Gordo?
The median home sale price in Cerro Gordo is $170,000, down 0.0% from last year.
How long do homes stay on market in Cerro Gordo?
Homes typically spend 65 days on market before going under contract.
What is the median income in Cerro Gordo?
The median household income is $69,118 per year.
Is Cerro Gordo a buyer's or seller's market?
With 3.0 months of supply, Cerro Gordo is currently a balanced market.
How many homes are for sale in Cerro Gordo?
There are currently 3 homes listed for sale in Cerro Gordo, IL.
What is the Zillow home value estimate for Cerro Gordo?
The Zillow Home Value Index (ZHVI) for Cerro Gordo is $145,328, representing the typical home value in the area.
How much does a single-family home cost in Cerro Gordo?
The median single-family home price in Cerro Gordo, IL is $170,000 (about $121 per square foot).
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