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Saturday, April 20, 2024

Hermosa home prices rise in the fourth quarter of 2019

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The median sale price of a home sold in the fourth quarter of 2019 in Hermosa, a Chicago neighborhood, rose by $14,000 while total sales decreased by 21.8%, according to BlockShopper.com.

From October through December of 2019, there were 43 homes sold, with a median sale price of $270,000 - a 5.5% increase over the $256,000 median sale price for the same period of the previous year. There were 55 homes sold in Hermosa in the fourth quarter of 2018.

The median sales tax in Hermosa for the most recent year with available data, 2018, was $4,051, approximately 1.5% of the median home sale price for the fourth quarter of 2019.

The following table compares Hermosa to other Chicago neighborhood with similar median sales prices in the fourth quarter of 2019:

NeighborhoodOct. - Dec. 2019 Home SalesOct. - Dec. 2018 Home Sales% change (Total Home Sales)Oct. - Dec. 2019 Median Sales PriceOct. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Uptown80131-38.9%$285,750$176,00062.4%
Jefferson Park6883-18.1%$281,500$299,000-5.9%
Humboldt Park 92118-22%$280,250$256,5009.3%
Belmont/Cragin84106-20.8%$278,750$265,0005.2%
Boystown5567-17.9%$273,000$235,00016.2%
Hermosa 4355-21.8%$270,000$256,0005.5%
Galewood3137-16.2%$266,000$275,000-3.3%
Montclare3540-12.5%$265,000$253,2504.6%
West Rogers Park111147-24.5%$260,000$234,00011.1%
Dunning1421309.2%$256,500$240,0006.9%
Garfield Ridge115120-4.2%$250,000$230,0008.7%

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