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Chicago City Wire

Wednesday, April 24, 2024

Q3 real estate sales report: Hermosa

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Median prices rose in Hermosa over last year, and are up 90 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 42 homes sold in Hermosa for a median price of $283,500. That's 11.2 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, 3 homes in Hermosa were in foreclosure.

Median property tax for homeowners in Hermosa was $4,606.21 in 2017 according to tax data from that year. That means homeowners pay 1.8 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Hermosa real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
44
$149,175
-
2010
75
$131,100
-12.1%
2011
71
$116,390
-11.2%
2012
59
$129,710
11.4%
2013
80
$150,120
15.7%
2014
58
$170,130
13.3%
2015
72
$219,420
29%
2016
60
$224,700
2.4%
2017
51
$255,000
13.5%
2018
42
$283,500
11.2%

Median property tax
Median sale price
Effective property tax rate
2009
$4,372.26
$149,175
2.9%
2010
$4,581.22
$131,100
3.5%
2011
$4,323.31
$116,390
3.7%
2012
$3,833.91
$129,710
3%
2013
$3,680.96
$150,120
2.5%
2014
$3,965.55
$170,130
2.3%
2015
$4,292.16
$219,420
2%
2016
$4,608.19
$224,700
2.1%
2017
$4,606.20
$255,000
1.8%

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