Is Evanston Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$381,969
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Evanston Township was $381,969 in March 2024, up 0.3% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $178.5K | $178K | -0.3% |
2 Bedrooms | $270K | $287.7K | +6.6% |
3 Bedrooms | $485K | $479.5K | -1.1% |
4 Bedrooms | $785K | $810K | +3.2% |
5+ Bedrooms | $922.5K | $920K | -0.3% |
Summary: Evanston Township 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
Wilmette | $759.2K | $841.2K | +10.8% |
Skokie | $367.4K | $390K | +6.1% |
Niles Township | $370K | $383.9K | +3.8% |
Evanston Township | $380.8K | $381.9K | 0.3% |
Evanston | $380.8K | $381.9K | 0.3% |
Housing Supply in Evanston Township, IL
How many homes are available in Evanston Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
231 | 258 | +11.7% |
Summary: The Evanston Township 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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 23 | +27.8% |
2 Bedrooms | 89 | 95 | +6.7% |
3 Bedrooms | 58 | 68 | +17.2% |
4 Bedrooms | 31 | 35 | +12.9% |
5+ Bedrooms | 35 | 37 | +5.7% |
Summary: The Evanston Township 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 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 62 | +26.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Evanston Township 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 Township, IL
How long does it take to sell a home in Evanston Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 31 Days | -32.7% |
Summary: Homes in Evanston Township 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
Summary: During March 2024, 62 homes were sold in Evanston Township; 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.