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 neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Hawthorn Woods is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Hawthorn Woods, IL

How much do homes in Hawthorn Woods, IL cost?

Median Sold Price

$715,500

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$102,905(+16.8%)

Key Takeaway

Homes in Hawthorn Woods have sold for 16.8% more than they did a year ago.

Summary: The median home sold price in Hawthorn Woods was $715,500 in September 2024, up 16.8% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $392.4K$457.5K
+16.6%
3 $470K$551K
+17.2%
4 $645K$736K
+14.1%
5+ $704.6K$755.7K
+7.3%

Summary: Hawthorn Woods housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 7.3%.

Median Sold Price Compared To Nearby Cities

Hawthorn Woods
+16.8%
Lake Zurich
+11.1%
Fremont Township
+1.3%
Kildeer
0.0%
Mundelein
-2.8%

Housing Supply in Hawthorn Woods, IL

How many homes are available in Hawthorn Woods, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
44440.0%

Summary: The Hawthorn Woods real estate market had 44 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 77
0.0%
4 2627
+3.8%
5+ 99
0.0%

Summary: The Hawthorn Woods housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 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. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Hawthorn Woods in September 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% 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

Sep 2023Sep 2024CHANGE
10 Days14 Days+33.8%

Summary: Homes in Hawthorn Woods had an average of 14 days on market in Sep 2024, up by 33.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was 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.

Summary: During September 2024, 7 homes were sold in Hawthorn Woods; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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 7 Days Ago

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