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Chicago City Wire

Wednesday, April 24, 2024

Hermosa home prices fall in December 2018

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The median sale price of a home sold in December 2018 in Hermosa, a Chicago neighborhood, fell by $49,250 while total sales decreased by 20%, according to BlockShopper.com.

In December 2018, there were 16 homes sold, with a median sale price of $222,500 - a 18.1% decrease over the $271,750 median sale price for the same period of the previous year. There were 20 homes sold in Hermosa in December 2017.

The median sales tax in Hermosa for the most recent year with available data, 2017, was $4,223, approximately 1.9% of the median home sale price for December 2018.

The following table compares Hermosa to other Chicago neighborhood with similar median sales prices in December 2018:

NeighborhoodDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Dunning57529.6%$246,000$252,500-2.6%
North Mayfair56-16.7%$241,500$166,75044.8%
West Lawn1933-42.4%$227,000$170,00033.5%
Garfield Ridge34319.7%$226,500$230,000-1.5%
Bronzeville2232-31.3%$222,500$252,500-11.9%
Hermosa 1620-20%$222,500$271,750-18.1%
Big Oaks36-50%$218,000$301,500-27.7%
Union Ridge29-77.8%$215,000$230,500-6.7%
Clearing1722-22.7%$215,000$196,5009.4%
Boystown2040-50%$212,500$232,000-8.4%
Tri-Taylor4333.3%$212,500$225,000-5.6%

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