How's Chicago's Real Estate Market?

Evanston, IL 60201

Single-Family Homes

312-961-6212



Evanston, IL 60201

Tue Mar 09 2021
This week the median list price for Evanston, IL 60201 is $947,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 20. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Evanston, IL 60201

Tue Mar 09 2021
This week the median list price for Evanston, IL 60201 is $947,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 20. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Evanston market.
Median List Price $947,000
Per Square Foot $304
Days on Market 95
Price Decreased 25%
Price Increased 0%
Relisted 25%
Inventory 20
Median Rent $3,200
Most Expensive $4,200,000
Least Expensive $229,000
Market Action 47
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,995,000 5,450 0.25 - 0.5 acre 5 5 106 0 0 168
$1,175,000 4,400 8,000 - 10,000 sqft 4 5 13 1 1 105
$729,000 2,511 0.25 - 0.5 acre 4 2 63 0 2 105
$449,000 1,689 4,500 - 6,500 sqft 3 2 95 2 2 21