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 June 2023

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.

Housing Prices in Evanston Township, IL

How much do homes in Evanston Township, IL cost?

Median Sold Price

$401,368

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$22,268(+5.9%)

Key Takeaway

Homes in Evanston Township have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Evanston Township was $401,368 in June 2024, up 5.9% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $177K$187.5K
+5.9%
2 $277.7K$300K
+8.0%
3 $463.5K$505K
+9.0%
4 $787.5K$789.5K
0.3%
5+ $962.5K$947.5K
-1.6%

Summary: Evanston Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 1.6%.

Median Sold Price Compared To Nearby Cities

Skokie
+6.4%
Evanston
+6.0%
Evanston Township
+5.9%
Niles Township
+5.7%
Wilmette
+2.3%

Housing Supply in Evanston Township, IL

How many homes are available in Evanston Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
272283+4.0%

Summary: The Evanston Township real estate market had 283 homes for sale in June 2024, a 4.0% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 3030
0.0%
2 103106
+2.9%
3 6557
-12.3%
4 3848
+26.3%
5+ 3642
+16.7%

Summary: The Evanston Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE
8685-1.2%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

44 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Evanston Township, you could pay more than the asking price. 51.8% of homes here sold above asking price last month.

Summary: A total of 85 homes were sold or pending in Evanston Township in June 2024, down by 1.2% month-over-month. Of the 85 sold homes, 31% were sold under asking, 18% were sold at asking, and 52% 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

Jun 2023Jun 2024CHANGE
33 Days15 Days-54.5%

Summary: Homes in Evanston Township had an average of 15 days on market in Jun 2024, down by 54.5% compared to last year.

Breakdown of Home Sale Times

73 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During June 2024, 85 homes were sold in Evanston Township; 86% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 1% 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 26 Days Ago

Newest Listings in Evanston Township, IL

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