Hermosa Neighborhood Chicago Real Estate Market Update February 2019


Real Estate In Hermosa, Chicago is a sellers’ market with low inventory of homes in Hermosa, Chicago and a lot of buyer interest. There is a 4.8 months supply of inventory on the market in Hermosa, Chicago on February 28, 2019.
Now is the Time to Sell! The average market time for a Single Family Homes to sell in Hermosa, Chicago last month was 85 days. It took on average 49 days to sell Hermosa, Chicago Condo, Townhouse or a Duplex.
The number of home sales in Hermosa, Chicago from January 1, 2019 through January 31, 2019 was 7 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 $146/Sq.Ft, which is 12% a decline from last month.


In Hermosa, Chicago there were 2 units sold in January in the price range between $122,500 – $174,009 with an average of 2 bedrooms and 1.1 bathrooms and average Square footage of 1,341SF.

In Hermosa, Chicago there were 4 units sold in January in the price range between $174,010 – $297,758 with an average of 4.5 bedrooms and 2.5 bathrooms and average Square footage of 1,492SF.

In Hermosa, Chicago there were 1 units sold in January in the price range between $297,759 – $370,000 with an average of 4 bedrooms and 2.1 bathrooms and average Square footage of 0SF.

The low price range had the most activity. Homes up to $174,009 were on the market on average 66 days and sold an average of $123,812.

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
Dec 1, 2018 – Dec 31, 2018
Jan 1, 2019 – Jan 31, 2019
Month
December
January
Average Listing Price
$280,949
$281,859
Median Sales Price
$258,166
$225,517
Month supply of inventory
4.8
4.8
Market Time Detached
50 days
85 days
Market Time Attached
0 days
49 days
Inventory
61 properties
58 properties
Low price range
$185,000 – $221,583
$122,500 – $174,009
Low price range market time
34 days
66 days
Low price range units sold
0
2
Low price range bedrooms
3.5
2
Low price range bathrooms
1.6
1.1
Low price range approx sqft
1,300 SF
1,341 SF
Mid price range
$221,584 – $301,582
$174,010 – $297,758
Mid price range market time
110 days
101 days
Mid price range units sold
2
4
Mid price range bedrooms
3.5
4.5
Mid price range bathrooms
1.6
2.5
Mid price range approx sqft
0 SF
1,492 SF
High price range
$301,583 – $345,000
$297,759 – $370,000
High price range market time
7 days
23 days
High price range units sold
2
1
High price range bedrooms
3.5
4
High price range bathrooms
3
2.1
High price range approxsqft
2,200 SF
0 SF

The post Hermosa Neighborhood Chicago Real Estate Market Update February 2019 appeared first on Real Estate Vibe - Property Up.



source https://realestatevibe.com/hermosa-neighborhood-chicago-real-estate-market-update-February-2019/

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