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 July 2021

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.

How much do homes in Evanston Township, IL cost?

Median Sold Price

$372,409

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

-$16,757(-4.3%)

Key Takeaway

Homes in Evanston Township have sold for 4.3% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $195.5K$185K
-5.4%
2 $254.9K$276K
+8.3%
3 $448.3K$462.7K
+3.2%
4 $726K$767K
+5.6%
5+ $960K$880K
-8.3%

Median Sold Price Compared To Nearby Cities

Skokie
+6.6%
Niles Township
+4.3%
Evanston
-4.2%
Wilmette
-4.2%
Evanston Township
-4.3%

How many homes are available in Evanston Township, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
422416-1.4%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 5455
+1.9%
2 136131
-3.7%
3 107108
+0.9%
4 7268
-5.6%
5+ 5354
+1.9%

Number of Homes Sold

Jun 2022Jul 2022%
11093-15.5%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Evanston Township, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
23 Days19 Days-14.6%

Breakdown of Home Sale Times

78 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Evanston Township, IL

Evanston Township, IL has 416 homes for sale to choose from. The number of listings in Evanston Township, IL decreased by 1.4% between June 2022 and July 2022. Listings spent 19 days on the market in July 2022, and had a median list price of $372,409 during the same period. Between June 2022 and July 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went down by 5.4%, prices of 2 bedrooms properties increased by 8.3%, prices of 3 bedrooms properties went up by 3.2%, prices of 4 bedrooms properties went up by 5.6%, 5 bedrooms properties became 8.3% more cheaper. This housing market inventory have changed: number of 1 bedroom homes increased by 1.9%, 2 bedrooms homes became 3.7% less available, number of 3 bedrooms homes increased by 0.9%, the quantity of 4 bedrooms homes went down by 5.6%, 5 bedrooms homes inventory increased by 1.9%. While more than 34 listings in Evanston Township, IL in July 2022 were sold above asking price, there were more than 11 listings sold at asking price, and more than 48 were sold below.

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