Is Evanston Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Evanston Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Evanston Township has remained a Seller's Market.

Key Takeaway

Evanston Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Evanston Township, IL

How much do homes in Evanston Township, IL cost?

Median Sold Price

$397,366

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$17,158(+4.5%)

Key Takeaway

Homes in Evanston Township have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Evanston Township was $397,366 in April 2024, up 4.5% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $177K$180K
+1.7%
2 $270K$300K
+11.1%
3 $486.5K$493.8K
+1.5%
4 $776K$810K
+4.4%
5+ $915K$940K
+2.7%

Summary: Evanston Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Cities

Wilmette
+6.9%
Skokie
+6.5%
Evanston Township
+4.5%
Evanston
+4.5%
Niles Township
+4.3%

Housing Supply in Evanston Township, IL

How many homes are available in Evanston Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
252284+12.7%

Summary: The Evanston Township real estate market had 284 homes for sale in April 2024, a 12.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 2223
+4.5%
2 97109
+12.4%
3 6468
+6.3%
4 3440
+17.6%
5+ 3544
+25.7%

Summary: The Evanston Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 25.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
6590+38.5%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

42 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Evanston Township, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 90 homes were sold or pending in Evanston Township in April 2024, up by 38.5% month-over-month. Of the 90 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% were sold over asking.

Days on Market for Evanston Township, IL

How long does it take to sell a home in Evanston Township, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
24 Days31 Days+31.2%

Summary: Homes in Evanston Township had an average of 31 days on market in Apr 2024, up by 31.2% compared to last year.

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Evanston Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 90 homes were sold in Evanston Township; 74% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% 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 14 Days Ago

Newest Listings in Evanston Township, IL

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