How's Chicago's Real Estate Market?

Evanston, IL 60201

Single-Family Homes

312-961-6212


Evanston, IL 60201

Fri Apr 26 2024
This week the median list price for Evanston, IL 60201 is $1,158,500 with the market action index hovering around 51. This is less than last month's market action index of 61. Inventory has increased to 28. 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

Fri Apr 26 2024
This week the median list price for Evanston, IL 60201 is $1,158,500 with the market action index hovering around 51. This is less than last month's market action index of 61. Inventory has increased to 28. 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 $1,158,500
Median Price of New Listings $1,174,500
Per Square Foot $359
Average Days on Market 49
Median Days on Market 14
Price Decreased 29%
Price Increased 0%
Relisted 4%
Inventory 28
Median Rent
Market Action 51
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
$1,749,000 5,174 0.25 - 0.5 acre 4 4.5 94 2 0 21
$1,250,000 3,451 0.25 - 0.5 acre 5 3.5 97 1 0 7
$975,000 2,421 4,500 - 6,500 sqft 4 2.5 102 2 2 7
$440,000 1,140 4,500 - 6,500 sqft 3 2 100 1 1 49