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

Housing Market Conditions



Gauge showing Evanston is a seller's market


Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Evanston, IL

How much do homes in Evanston, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

The sold price of homes in Evanston has remained the same since last year.

Summary: The median home sold price in Evanston was $381,930 in March 2024, up 0.3% from last year, and the median price per square foot was $275.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $178.5K$178K
2 $270K$287.7K
3 $485K$479.5K
4 $785K$810K
5+ $922.5K$920K

Summary: Evanston housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 0.3%.

Median Sold Price Compared To Nearby Cities

Niles Township
Evanston Township

Housing Supply in Evanston, IL

How many homes are available in Evanston, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Evanston real estate market had 258 homes for sale in March 2024, a 11.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1823
2 8995
3 5868
4 3135
5+ 3537

Summary: The Evanston housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 5.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Evanston, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.

Summary: A total of 62 homes were sold or pending in Evanston in March 2024, up by 26.5% month-over-month. Of the 62 sold homes, 40% were sold under asking, 15% were sold at asking, and 45% were sold over asking.

Days on Market for Evanston, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
47 Days31 Days-32.7%

Summary: Homes in Evanston had an average of 31 days on market in Mar 2024, down by 32.7% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 62 homes were sold in Evanston; 66% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 11% 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 24 Days Ago

Newest Listings in Evanston, IL

Nearby Markets to Evanston, IL

What housing markets are near Evanston, IL?