Is Hawthorn Woods, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hawthorn Woods has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $399.9K | $560K | +40.0% |
3 Bedrooms | $552.5K | $500K | -9.5% |
4 Bedrooms | $610K | $715K | +17.2% |
5+ Bedrooms | $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 | $324.6K | $367.8K | +13.3% |
Kildeer | $755K | $847.5K | +12.3% |
Hawthorn Woods | $609K | $682.5K | +12.1% |
Lake Zurich | $384.3K | $421.6K | +9.7% |
Fremont Township | $368.2K | $391.9K | +6.4% |
Housing Supply in Hawthorn Woods, IL
How many homes are available in Hawthorn Woods, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 62 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 31 | 39 | +25.8% |
5+ Bedrooms | 11 | 12 | +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 2024 | May 2024 | CHANGE |
---|---|---|
12 | 15 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 35 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
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.