Altos Market Data for Realtors

Evanston, IL

Single-Family Homes

Schedule a demo today at AltosResearch.com



Evanston, IL

Tue Sep 21 2021
This week the median list price for Evanston, IL is $674,500 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has increased to 70. 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.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Evanston, IL

Tue Sep 21 2021
This week the median list price for Evanston, IL is $674,500 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has increased to 70. 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.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Evanston market.
Median List Price $674,500
Median Price of New Listings $569,000
Per Square Foot $316
Average Days on Market 87
Median Days on Market 56
Price Decreased 46%
Price Increased 1%
Relisted 24%
Inventory 70
Median Rent $2,750
Market Action 44
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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 4,896 0.25 - 0.5 acre 5 4 114 0 0 84
$879,000 3,124 8,000 - 10,000 sqft 4 3 89 4 1 63
$569,500 1,713 4,500 - 6,500 sqft 3 2 94 5 2 35
$335,000 1,088 4,500 - 6,500 sqft 3 2 67 4 1 38