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 November 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

$734,923

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$119,923(+19.5%)

Key Takeaway

Homes in Hawthorn Woods have sold for 19.5% more than they did a year ago.

Summary: The median home sold price in Hawthorn Woods was $734,923 in November 2024, up 19.5% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $399.9K$413.2K
+3.3%
3 $473.7K$596K
+25.8%
4 $651.2K$752K
+15.5%
5+ $704.6K$755.7K
+7.3%

Summary: Hawthorn Woods housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 7.3%.

Median Sold Price Compared To Nearby Cities

Hawthorn Woods
+19.5%
Lake Zurich
+10.1%
Fremont Township
+2.2%
Mundelein
-4.5%
Kildeer
-8.2%

Housing Supply in Hawthorn Woods, IL

How many homes are available in Hawthorn Woods, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
42420.0%

Summary: The Hawthorn Woods real estate market had 42 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 77
0.0%
4 2421
-12.5%
5+ 1011
+10.0%

Summary: The Hawthorn Woods housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
117-36.4%

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 November 2024, down by 36.4% 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

Nov 2023Nov 2024CHANGE
17 Days17 Days-1.7%

Summary: Homes in Hawthorn Woods had an average of 17 days on market in Nov 2024, down by 1.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were 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 November 2024, 7 homes were sold in Hawthorn Woods; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 17 Days Ago

Newest Listings in Hawthorn Woods, IL

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