Hermosa Neighborhood Chicago Real Estate Market Update March 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 3.56 months supply of inventory on the market in Hermosa, Chicago on March 31, 2019.
Now is the Time to Sell! The average market time for a Single Family Homes to sell in Hermosa, Chicago last month was 47 days.
The number of home sales in Hermosa, Chicago from February 1, 2019 through February 28, 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 $167/Sq.Ft, which is 16% an increase from last month.


In Hermosa, Chicago there were 2 units sold in February in the price range between $171,000 – $212,357 with an average of 3.5 bedrooms and 1.5 bathrooms and average Square footage of 1,881SF.

In Hermosa, Chicago there were 2 units sold in February in the price range between $212,358 – $279,356 with an average of 3.5 bedrooms and 2.1 bathrooms and average Square footage of 1,443SF.

In Hermosa, Chicago there were 3 units sold in February in the price range between $279,357 – $305,000 with an average of 3.7 bedrooms and 2 bathrooms and average Square footage of 2,075SF.

The high price range had the most activity. Homes up to $305,000 were on the market on average 28 days and sold an average of $296,666.

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
Jan 1, 2019 – Jan 31, 2019
Feb 1, 2019 – Feb 28, 2019
Month
January
February
Average Listing Price
$284,028
$267,335
Median Sales Price
$225,517
$253,714
Month supply of inventory
4.8
3.6
Market Time Detached
85 days
47 days
Market Time Attached
49 days
0 days
Inventory
58 properties
47 properties
Low price range
$122,500 – $174,009
$171,000 – $212,357
Low price range market time
66 days
51 days
Low price range units sold
0
2
Low price range bedrooms
2
3.5
Low price range bathrooms
1.1
1.5
Low price range approx sqft
1,341 SF
1,881 SF
Mid price range
$174,010 – $297,758
$212,358 – $279,356
Mid price range market time
101 days
74 days
Mid price range units sold
4
2
Mid price range bedrooms
4.5
3.5
Mid price range bathrooms
2.5
2.1
Mid price range approx sqft
1,492 SF
1,443 SF
High price range
$297,759 – $370,000
$279,357 – $305,000
High price range market time
23 days
28 days
High price range units sold
1
3
High price range bedrooms
4
3.7
High price range bathrooms
2.1
2
High price range approxsqft
0 SF
2,075 SF

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

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