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Chicago City Wire

Sunday, October 20, 2019

Hermosa home prices fall in December 2018

Real Estate

By Local Labs News Service | Jan 7, 2019


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:

Neighborhood
Dec. 2018 Home Sales
Dec. 2017 Home Sales
% change (Total Home Sales)
Dec. 2018 Median Sales Price
Dec. 2017 Median Sales Price
% change (Median Sales Price)
Dunning
57
52
9.6%
$246,000
$252,500
-2.6%
North Mayfair
5
6
-16.7%
$241,500
$166,750
44.8%
West Lawn
19
33
-42.4%
$227,000
$170,000
33.5%
Garfield Ridge
34
31
9.7%
$226,500
$230,000
-1.5%
Bronzeville
22
32
-31.3%
$222,500
$252,500
-11.9%
Hermosa
16
20
-20%
$222,500
$271,750
-18.1%
Big Oaks
3
6
-50%
$218,000
$301,500
-27.7%
Union Ridge
2
9
-77.8%
$215,000
$230,500
-6.7%
Clearing
17
22
-22.7%
$215,000
$196,500
9.4%
Boystown
20
40
-50%
$212,500
$232,000
-8.4%
Tri-Taylor
4
3
33.3%
$212,500
$225,000
-5.6%

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