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.

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.

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