Housing in Cerro Gordo, IL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin โ€” January 2026

Median Sale Price

$90,000

Median List Price

$40,000

Price Per Sq Ft

$50

Days on Market

6

Active Inventory

6

Months of Supply

6.0

Balanced market

Zillow Home Value

$138,293

ZHVI โ€” January 2026

Price Trends

Source: Redfin
Sale Price โ†“ 15.5%List Price โ†“ 57.9%May 24 โ†’ Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

100.0%

Seller's market

Sold Above Asking
0.0%
Listings with Price Drops
66.7%

Market Activity

Source: Redfin

Homes Sold

1

New Listings

3

Homes Sold โ†“ 50.0%New Listings โ†‘ 50.0%Pending โ†“ 75.0%May 24 โ†’ Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$50

Median List $/SF

$33

Sale $/SF โ†“ 7.4%List $/SF โ†“ 52.2%May 24 โ†’ Jan 26

Cerro Gordo vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Cerro Gordo is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$108,000

Median Rent

$875

Total Housing Units

566

Vacancy Rate

5.3%

Owner Occupied

78.2%

Renter Occupied

21.8%

Median Property Tax

$2,149

per year

Monthly Cost (w/ Mortgage)

$953

Housing Types

Single Family
92.8%
Multi-Family
5.7%
Mobile Home
1.6%

The current median sale price in Cerro Gordo, IL is $90,000 according to Redfin data. Homes spend a median of 6 days on the market. 0.0% of homes sold above asking price. The market has 6.0 months of supply. The median price per square foot is $50. The median rent is $875 per month (Census ACS). About 78.2% of housing units are owner-occupied. The median year homes were built is 1960. There are 566 total housing units.