How's Chicago's Real Estate Market?
Evanston, IL 60201
Single-Family Homes
312-961-6212
Evanston, IL 60201
Thu Dec 26 2024
This week the median list price for Evanston, IL 60201 is $875,000 with the market action index hovering around 58. This is less than last month's market action index of 59. Inventory has increased to 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $875,000 | |
| Median Price of New Listings | $762,000 | |
| Per Square Foot | $387 | |
| Average Days on Market | 129 | |
| Median Days on Market | 63 | |
| Price Decreased | 27% | |
| Price Increased | 7% | |
| Relisted | 13% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 58 | |
| Strong Seller's Market | ||
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,270,000 | 5,174 | 0.5 - 1 acre | 5 | 5 | 94 | 0 | 0 | 70 |
| $1,284,000 | 3,376 | 4,500 - 6,500 sqft | 4 | 3 | 97 | 1 | 2 | 143 |
| $466,000 | 1,889 | 0 - 4,500 sqft | 4 | 2.5 | 85 | 1 | 1 | 35 |
| $366,450 | 885 | 8,000 - 10,000 sqft | 2 | 1 | 71 | 0 | 1 | 80 |