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 April 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

$655,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$45,000(+7.4%)

Key Takeaway

Homes in Hawthorn Woods have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Hawthorn Woods was $655,000 in April 2024, up 7.4% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $452.4K$508.7K
+12.4%
3 $473.7K$464K
-2.1%
4 $617K$707.5K
+14.7%
5+ $710.9K$747.5K
+5.1%

Summary: Hawthorn Woods housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Cities

Mundelein
+17.9%
Kildeer
+15.5%
Lake Zurich
+10.7%
Fremont Township
+8.2%
Hawthorn Woods
+7.4%

Housing Supply in Hawthorn Woods, IL

How many homes are available in Hawthorn Woods, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4856+16.7%

Summary: The Hawthorn Woods real estate market had 56 homes for sale in April 2024, a 16.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 910
+11.1%
4 2934
+17.2%
5+ 912
+33.3%

Summary: The Hawthorn Woods housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
711+57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hawthorn Woods, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Hawthorn Woods in April 2024, up by 57.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% 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

Apr 2023Apr 2024CHANGE
11 Days23 Days+111.0%

Summary: Homes in Hawthorn Woods had an average of 23 days on market in Apr 2024, up by 111% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 April 2024, 11 homes were sold in Hawthorn Woods; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 28 Days Ago

Newest Listings in Hawthorn Woods, IL

Nearby Markets to Hawthorn Woods, IL

What housing markets are near Hawthorn Woods, IL?