Is Hawthorn Woods, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$655,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $452.4K | $508.7K | +12.4% |
3 Bedrooms | $473.7K | $464K | -2.1% |
4 Bedrooms | $617K | $707.5K | +14.7% |
5+ Bedrooms | $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 | $315K | $371.4K | +17.9% |
Kildeer | $735.6K | $850K | +15.5% |
Lake Zurich | $380K | $420.5K | +10.7% |
Fremont Township | $365K | $395K | +8.2% |
Hawthorn Woods | $610K | $655K | +7.4% |
Housing Supply in Hawthorn Woods, IL
How many homes are available in Hawthorn Woods, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 56 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 29 | 34 | +17.2% |
5+ Bedrooms | 9 | 12 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 11 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 23 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
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.