Is Evanston, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Evanston has remained a Seller's Market.
Housing Prices in Evanston, IL
How much do homes in Evanston, IL cost?
Median Sold Price
$397,305
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Evanston was $397,305 in April 2024, up 4.5% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $177K | $180K | +1.7% |
2 Bedrooms | $270K | $300K | +11.1% |
3 Bedrooms | $486.5K | $493.8K | +1.5% |
4 Bedrooms | $776K | $810K | +4.4% |
5+ Bedrooms | $915K | $940K | +2.7% |
Summary: Evanston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
Wilmette | $785K | $839.3K | +6.9% |
Skokie | $366.1K | $390K | +6.5% |
Evanston | $380.2K | $397.3K | +4.5% |
Evanston Township | $380.2K | $397.3K | +4.5% |
Niles Township | $370K | $385.9K | +4.3% |
Housing Supply in Evanston, IL
How many homes are available in Evanston, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
252 | 284 | +12.7% |
Summary: The Evanston real estate market had 284 homes for sale in April 2024, a 12.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 23 | +4.5% |
2 Bedrooms | 97 | 109 | +12.4% |
3 Bedrooms | 64 | 68 | +6.3% |
4 Bedrooms | 34 | 40 | +17.6% |
5+ Bedrooms | 35 | 44 | +25.7% |
Summary: The Evanston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 25.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 90 | +38.5% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in Evanston in April 2024, up by 38.5% month-over-month. Of the 90 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% were sold over asking.
Days on Market for Evanston, IL
How long does it take to sell a home in Evanston, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 31 Days | +31.2% |
Summary: Homes in Evanston had an average of 31 days on market in Apr 2024, up by 31.2% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 90 homes were sold in Evanston; 74% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.