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Chicago City Wire

Monday, November 25, 2024

Rising home prices in Hermosa in April

Re 9

The median sale price of a home sold in April in Hermosa , a Chicago neighborhood, rose by $40,000 while total sales decreased by 88 percent, according to BlockShopper.com.

In April, there were three homes sold, with a median sale price of $355,000 - a 12.7 percent increase over the $315,000 median sale price for the same period of the previous year. There were 25 homes sold in Hermosa in April 2021.

The median sales tax in Hermosa for the most recent year with available data, 2019, was $4,082, approximately 1.1 percent of the median home sale price for April.

The following table compares Hermosa to other Chicago neighborhood with similar median sale prices in April:

NeighborhoodApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Uptown663-90.5$379,000$315,00020.3
Belmont/Cragin148-97.9$371,000$308,50020.3
McKinley Park19-88.9$360,000$375,000-4
Near North834-76.5$360,000$365,000-1.4
South Loop 696-93.8$356,000$330,5007.7
Hermosa 325-88$355,000$315,00012.7
Heart of Chicago18-87.5$350,000$444,000-21.2
Jefferson Park1035-71.4$349,000$399,000-12.5
Ravenswood 552-90.4$346,000$389,500-11.2
Ashburn 215-86.7$342,000$216,00058.3
Gold Coast1280-85$332,500$452,500-26.5

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