Is Hermosa, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hermosa has remained a Seller's Market.
Housing Prices in Hermosa, IL
How much do homes in Hermosa, IL cost?
Median Sold Price
$375,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hermosa was $375,000 in March 2024, up 3.4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $180K | -14.3% |
2 Bedrooms | $298.5K | $275K | -7.9% |
3 Bedrooms | $349.5K | $354K | +1.3% |
4 Bedrooms | $395K | $380.5K | -3.7% |
5+ Bedrooms | $397K | $430K | +8.3% |
Summary: Hermosa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Neighborhoods
Logan Square | $534.2K | $558.5K | +4.5% |
Hermosa | $362.5K | $375K | +3.4% |
Housing Supply in Hermosa, IL
How many homes are available in Hermosa, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 35 | +6.1% |
Summary: The Hermosa real estate market had 35 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Hermosa housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Hermosa in March 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Hermosa, IL
How long does it take to sell a home in Hermosa, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 50 Days | +58.1% |
Summary: Homes in Hermosa had an average of 50 days on market in Mar 2024, up by 58.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Hermosa; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.