Is Hawthorn Woods, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hawthorn Woods is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Hawthorn Woods has remained a Seller's Market.

Key Takeaway

Hawthorn Woods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hawthorn Woods, IL

How much do homes in Hawthorn Woods, IL cost?

Median Sold Price

$682,500

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$73,500(+12.1%)

Key Takeaway

Homes in Hawthorn Woods have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Hawthorn Woods was $682,500 in May 2024, up 12.1% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $399.9K$560K
+40.0%
3 $552.5K$500K
-9.5%
4 $610K$715K
+17.2%
5+ $716.2K$721.8K
+0.8%

Summary: Hawthorn Woods housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 0.8%.

Median Sold Price Compared To Nearby Cities

Mundelein
+13.3%
Kildeer
+12.3%
Hawthorn Woods
+12.1%
Lake Zurich
+9.7%
Fremont Township
+6.4%

Housing Supply in Hawthorn Woods, IL

How many homes are available in Hawthorn Woods, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5462+14.8%

Summary: The Hawthorn Woods real estate market had 62 homes for sale in May 2024, a 14.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1211
-8.3%
4 3139
+25.8%
5+ 1112
+9.1%

Summary: The Hawthorn Woods housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1215+25.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hawthorn Woods, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Hawthorn Woods in May 2024, up by 25.0% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.

Days on Market for Hawthorn Woods, IL

How long does it take to sell a home in Hawthorn Woods, IL?

Average Sale Time

May 2023May 2024CHANGE
25 Days35 Days+36.6%

Summary: Homes in Hawthorn Woods had an average of 35 days on market in May 2024, up by 36.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hawthorn Woods are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 15 homes were sold in Hawthorn Woods; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

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