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 buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Hawthorn Woods was a Seller's Market.

Key Takeaway

Hawthorn Woods is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Hawthorn Woods, IL cost?

Median Sold Price

$610,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$60,050(+10.9%)

Key Takeaway

Homes in Hawthorn Woods have sold for 10.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 -$590K
N/A
3 $402.5K$436.5K
+8.4%
4 $555K$619.5K
+11.6%
5+ $640K$712.5K
+11.3%

Median Sold Price Compared To Nearby Cities

Fremont Township
+15.2%
Kildeer
+11.7%
Hawthorn Woods
+10.9%
Mundelein
+5.3%
Lake Zurich
+4.5%

How many homes are available in Hawthorn Woods, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
29290.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 12
+100.0%
3 810
+25.0%
4 1714
-17.6%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
84-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 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. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days9 Days-58.7%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Hawthorn Woods, IL

Hawthorn Woods, IL has 29 homes on the market. In November 2022, listings were on the market for 9 days. During the same period, the median list price in this real estate market was $610,000. Real estate listing prices changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0% more expensive, the cost of 3 bedrooms properties went up by 8.4%, 4 bedrooms properties became 11.6% more expensive, the cost of 5 bedrooms properties went up by 11.3%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 100%, the quantity of 3 bedrooms homes went up by 25%, number of 4 bedrooms homes decreased by 17.6%, the quantity of 5 bedrooms homes have not changed. In November 2022 more than 2 listings in Hawthorn Woods, IL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below.

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