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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Evanston is a seller's market

Buyer's
Market

Difference Since December 2020

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.

How much do homes in Evanston, IL cost?

Median Sold Price

$365,285

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

-$26,076(-6.7%)

Key Takeaway

Homes in Evanston have sold for 6.7% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $164.9K$191K
+15.8%
2 $252.2K$265.2K
+5.1%
3 $420K$449.1K
+6.9%
4 $671.7K$730K
+8.7%
5+ $868K$947.5K
+9.2%

Median Sold Price Compared To Nearby Cities

Skokie
+11.6%
Wilmette
+11.0%
Niles Township
+10.9%
Evanston Township
-6.6%
Evanston
-6.7%

How many homes are available in Evanston, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
385352-8.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 5344
-17.0%
2 131127
-3.1%
3 10998
-10.1%
4 5243
-17.3%
5+ 4040
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
8786-1.1%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Evanston, you may be able to get a good deal. 65.1% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
28 Days30 Days+6.7%

Breakdown of Home Sale Times

61 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

9 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.

2310 Ridge Ave, Evanston, IL 60201

2310 Ridge Ave, Evanston, IL 60201

$865,000~$3,250/mo.*
5 Beds • 5 Baths3,443 SqFt
Julie Jensen#11305812Listing Office:
Baird & WarnerMLS logo
1300 Ashland Ave, Evanston, IL 60201

1300 Ashland Ave, Evanston, IL 60201

$569,000~$2,150/mo.*
3 Beds • 2 Baths2,108 SqFt
Mary Summerville#11307926Listing Office:
Dream Town RealtyMLS logo
828 Michigan Ave Unit D2, Evanston, IL 60202

828 Michigan Ave Unit D2, Evanston, IL 60202

$270,000~$1,000/mo.*
2 Beds • 2 Baths1,109 SqFt
Laura McCaughey#11307734Listing Office:
Jameson Sotheby's International RealtyMLS logo
1203 Hinman Ave, Evanston, IL 60202

1203 Hinman Ave, Evanston, IL 60202

$999,000~$3,750/mo.*
5 Beds • 5 Baths3,301 SqFt
Geoff Brown#11306937Listing Office:
Baird & WarnerMLS logo
1014 Main St Unit 2, Evanston, IL 60202

1014 Main St Unit 2, Evanston, IL 60202

$325,000~$1,200/mo.*
3 Beds • 2 Baths1,434 SqFt
Jay Reid#11306770Listing Office:
Homesmart Connect LLCMLS logo
2501 Central St Unit 1A, Evanston, IL 60201

2501 Central St Unit 1A, Evanston, IL 60201

$195,000~$750/mo.*
1 Bed • 1 Bath900 SqFt
Edward Watts#11306339Listing Office:
Jameson Sotheby's International RealtyMLS logo
201 Custer Ave Unit G, Evanston, IL 60202

201 Custer Ave Unit G, Evanston, IL 60202

$135,000~$500/mo.*
2 Beds • 1 Bath1,110 SqFt
Araceli Zarate#11306302Listing Office:
CompassMLS logo
815A Forest Ave Unit 1, Evanston, IL 60202

815A Forest Ave Unit 1, Evanston, IL 60202

$329,000~$1,250/mo.*
2 Beds • 2 Baths1,100 SqFt
Altran Payne#11305638Listing Office:
CompassMLS logo
2951 Central St Unit 312, Evanston, IL 60201

2951 Central St Unit 312, Evanston, IL 60201

$299,900~$1,150/mo.*
2 Beds • 2 Baths1,343 SqFt
Thomas Streff#11306202Listing Office:
Berkshire Hathaway HomeServices ChicagoMLS logo
1421 Sherman Ave Unit 204, Evanston, IL 60201

1421 Sherman Ave Unit 204, Evanston, IL 60201

$350,000~$1,300/mo.*
2 Beds • 2 Baths1,255 SqFt
Lauer Baby#11306166Listing Office:
@propertiesMLS logo
608 Oakton St Unit 1, Evanston, IL 60202

608 Oakton St Unit 1, Evanston, IL 60202

$139,900~$550/mo.*
2 Beds • 1 Bath800 SqFt
Chris Smith#11305693Listing Office:
Baird & WarnerMLS logo
522 Church St Unit 5B, Evanston, IL 60201

522 Church St Unit 5B, Evanston, IL 60201

$675,000~$2,550/mo.*
3 Beds • 2 Baths2,100 SqFt
Janice Hazlett#11305172Listing Office:
@propertiesMLS logo

About Evanston, IL

Homes for sale in Evanston, IL have reached 352. Between November 2021 and December 2021, Evanston, IL real estate market has seen decrease in the number of listings by 8.6%. In December 2021, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $365,285. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 15.8%, the cost of 2 bedrooms properties went up by 5.1%, prices of 3 bedrooms properties went up by 6.9%, the cost of 4 bedrooms properties went up by 8.7%, the cost of 5 bedrooms properties went up by 9.2%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 17%, 2 bedrooms homes became 3.1% less available, 3 bedrooms homes became 10.1% less available, number of 4 bedrooms homes decreased by 17.3%, volume of 5 bedrooms homes stayed the same. While more than 19 listings in Evanston, IL in December 2021 were sold above asking price, there were more than 11 listings sold at asking price, and more than 56 were sold below.

MLS Disclaimers and Copyright

Based on information from Midwest Real Estate Data for the period 01/01/2020 - 01/01/2022

IDX Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Last updated on: 1/20/2022, 11:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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