Baird & Warner's Market Report

Evanston, IL 60201

Single-Family Homes

www.BairdWarner.com


Evanston, IL 60201

Thu Jul 09 2026
This week the median list price for Evanston, IL 60201 is $675,000 with the market action index hovering around 57. This is less than last month's market action index of 63. Inventory has increased to 17. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Evanston, IL 60201

Thu Jul 09 2026
This week the median list price for Evanston, IL 60201 is $675,000 with the market action index hovering around 57. This is less than last month's market action index of 63. Inventory has increased to 17. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Evanston market.
Median List Price $675,000
Median Price of New Listings $1,730,000
Per Square Foot $363
Average Days on Market 94
Median Days on Market 42
Price Decreased 24%
Price Increased 0%
Relisted 18%
Inventory 17
Median Rent
Market Action 57
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,875,000 5,295 - 5 5.5 116 1 2 77
$724,500 1,938 0 - 4,500 sqft 4 2.8 73 0 1 35
$562,500 1,749 - 4 2.5 103 1 1 45
$359,500 1,008 - 2 1 101 0 0 59