Hawthorn Woods, IL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hawthorn Woods, IL Housing Market Trends

With a population of 8,666, 2,670 total housing units (homes and apartments), and a median house value of $538,542, Hawthorn Woods house prices are not only among the most expensive in Illinois, Hawthorn Woods real estate also is some of the most expensive in all of America.

Hawthorn Woods is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Hawthorn Woods than is found in 98% of the communities in America.

The large homes that make up Hawthorn Woods are primarily owner-occupied ( 98.50%).

There is a lot of housing in Hawthorn Woods built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hawthorn Woods built between 2000 and later ( 35.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.22%).

Hawthorn Woods Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Hawthorn Woods, where house values have increased just 17.65%, which is annualized rate of 1.64%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Hawthorn Woods appreciation rates have trailed the rest of the nation. In the last twelve months, Hawthorn Woods's appreciation rate has been 4.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hawthorn Woods were at 1.88%, which equates to an annual appreciation rate of 7.74%.

Notably, Hawthorn Woods's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that Hawthorn Woods's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$538,542

Hawthorn Woods, IL HOME PRICES

> $1,049,000
4.3%
4.3%
$787,001 - $1,049,000
5.7%
5.7%
$525,001 - $787,000
36.0%
36.0%
$420,001 - $525,000
14.6%
14.6%
$315,001 - $420,000
15.0%
15.0%
$210,001 - $315,000
12.6%
12.6%
$105,001 - $210,000
9.2%
9.2%
$53,001 - $105,000
1.7%
1.7%
$0 - $53,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for IL

Value Relative To Nation

Number Of Homes And Apartments:
2,670

Hawthorn Woods Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
23.36% 0.98%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,736 / per month

Homeownership Rate

Owners
98.5%
98.5%
Renters
1.5%
1.5%
Vacant
3.1%
3.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
35.0%
35.0%
1970 - 1999
55.8%
55.8%
1940 - 1969
9.2%
9.2%
1939 or Older
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
97.7%
97.7%
Townhomes
2.3%
2.3%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.0%
0.0%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
0.0%
0.0%
2 Bedrooms
0.0%
0.0%
3 Bedrooms
18.3%
18.3%
4 Bedrooms
59.2%
59.2%
5 or more bedrooms
22.0%
22.0%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Hawthorn Woods

Zip Codes in Hawthorn Woods, IL