How's Chicago's Real Estate Market?

Evanston, IL 60201

Single-Family Homes

312-961-6212


Evanston, IL 60201

Fri May 09 2025
This week the median list price for Evanston, IL 60201 is $1,074,250 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has increased to 24. Click here to stay informed with the Evanston market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Evanston, IL 60201

Fri May 09 2025
This week the median list price for Evanston, IL 60201 is $1,074,250 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has increased to 24. Click here to stay informed with the Evanston market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Evanston market.
Median List Price $1,074,250
Median Price of New Listings $994,000
Per Square Foot $376
Average Days on Market 76
Median Days on Market 21
Price Decreased 42%
Price Increased 0%
Relisted 21%
Inventory 24
Median Rent
Market Action 52
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
$2,222,500 5,132 0.25 - 0.5 acre 5 4.5 113 1 2 28
$1,222,500 3,580 0.25 - 0.5 acre 5 3.5 128 2 0 31
$964,500 2,163 6,500 - 8,000 sqft 4 2.5 99 4 0 7
$412,500 1,143 4,500 - 6,500 sqft 3 2 85 1 2 112