Is Evanston Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Evanston Township has remained a Seller's Market.
Housing Prices in Evanston Township, IL
How much do homes in Evanston Township, IL cost?
Median Sold Price
$401,218
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Evanston Township was $401,218 in May 2024, up 6.3% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $178.5K | $182K | +2.0% |
2 Bedrooms | $270K | $300K | +11.1% |
3 Bedrooms | $459.8K | $505K | +9.8% |
4 Bedrooms | $777K | $805.7K | +3.7% |
5+ Bedrooms | $990K | $920K | -7.1% |
Summary: Evanston Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
Evanston Township | $377.5K | $401.2K | +6.3% |
Evanston | $377.4K | $401K | +6.2% |
Skokie | $370K | $389.9K | +5.4% |
Niles Township | $370K | $389.3K | +5.2% |
Wilmette | $819.8K | $857.5K | +4.6% |
Housing Supply in Evanston Township, IL
How many homes are available in Evanston Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
268 | 276 | +3.0% |
Summary: The Evanston Township real estate market had 276 homes for sale in May 2024, a 3.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 23 | 30 | +30.4% |
2 Bedrooms | 104 | 102 | -1.9% |
3 Bedrooms | 68 | 65 | -4.4% |
4 Bedrooms | 33 | 39 | +18.2% |
5+ Bedrooms | 40 | 40 | 0.0% |
Summary: The Evanston Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.4%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 76 | -21.6% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in Evanston Township in May 2024, down by 21.6% month-over-month. Of the 76 sold homes, 41% were sold under asking, 26% were sold at asking, and 33% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 21 Days | -17.6% |
Summary: Homes in Evanston Township had an average of 21 days on market in May 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 76 homes were sold in Evanston Township; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.