From January through December of 2017, there were 216 homes sold, with a median sale price of $250,000 - a 13.6% increase over the $220,000 median sale price for the previous year. There were 233 homes sold in Hermosa in 2016.
The median sales tax in Hermosa for 2017 was $4,223. In 2016, the median sales tax was $4,090. This marks an increase of 3.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.7%.
The following table compares Hermosa to other Chicago neighborhood with similar median sales prices in 2017:
| Neighborhood | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Union Ridge | 84 | 85 | -1.2% | $270,000 | $265,000 | 1.9% |
| Heart of Chicago | 89 | 76 | 17.1% | $265,000 | $225,250 | 17.6% |
| Oriole Park | 118 | 112 | 5.4% | $260,000 | $234,500 | 10.9% |
| Humboldt Park | 535 | 569 | -6% | $255,000 | $258,000 | -1.2% |
| Uptown | 492 | 499 | -1.4% | $252,000 | $265,000 | -4.9% |
| Hermosa | 216 | 233 | -7.3% | $250,000 | $220,000 | 13.6% |
| Belmont/Cragin | 453 | 438 | 3.4% | $250,000 | $225,000 | 11.1% |
| Boystown | 639 | 428 | 49.3% | $243,500 | $255,000 | -4.5% |
| Dunning | 675 | 643 | 5% | $243,500 | $234,000 | 4.1% |
| Galewood | 160 | 146 | 9.6% | $240,000 | $230,000 | 4.3% |
| Mount Greenwood | 253 | 272 | -7% | $235,000 | $211,000 | 11.4% |
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