Hermosa Neighborhood Chicago Real Estate Market Update December 2018


Real Estate In Hermosa, Chicago is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.27 months supply of inventory on the market in Hermosa, Chicago on December 31, 2018.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Hermosa, Chicago last month was 25 days.
The number of home sales in Hermosa, Chicago from November 1, 2018 through November 30, 2018 was 9 units. That is 1% above the number of homes sold last month in Hermosa, Chicago.

The average price per square foot in the area is now $177/Sq.Ft, which is 4% an increase from last month.



In Hermosa, Chicago there were 3 units sold in November in the price range between $201,000 – $234,917 with an average of 3 bedrooms and 1 bathrooms and average Square footage of 1,130SF.

In Hermosa, Chicago there were 5 units sold in November in the price range between $234,918 – $329,416 with an average of 4.2 bedrooms and 2.4 bathrooms and average Square footage of 1,317SF.

In Hermosa, Chicago there were 1 units sold in November in the price range between $329,417 – $390,000 with an average of 4 bedrooms and 3 bathrooms and average Square footage of 2,500SF.

The low price range had the most activity. Homes up to $234,917 were on the market on average 32 days and sold an average of $217,000.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Hermosa, Chicago. Search all Hermosa, Chicago homes for Sale on propertyup.com If you are considering viewing Hermosa, Chicago, you may want to do so now!

Chicago
Oct 1, 2018 – Oct 31, 2018
Nov 1, 2018 – Nov 30, 2018
Month
October
November
Average Listing Price
$280,990
$269,859
Median Sales Price
$268,833
$268,833
Month supply of inventory
5.3
5.3
Market Time Detached
25 days
25 days
Market Time Attached
0 days
0 days
Inventory
73 properties
73 properties
Low price range
$201,000 – $234,917
$201,000 – $234,917
Low price range market time
32 days
32 days
Low price range units sold
0
3
Low price range bedrooms
3
3
Low price range bathrooms
1
1
Low price range approx sqft
1,130 SF
1,130 SF
Mid price range
$234,918 – $329,416
$234,918 – $329,416
Mid price range market time
18 days
18 days
Mid price range units sold
5
5
Mid price range bedrooms
4.2
4.2
Mid price range bathrooms
2.4
2.4
Mid price range approx sqft
1,317 SF
1,317 SF
High price range
$329,417 – $390,000
$329,417 – $390,000
High price range market time
37 days
37 days
High price range units sold
1
1
High price range bedrooms
4
4
High price range bathrooms
3
3
High price range approxsqft
2,500 SF
2,500 SF

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