Title:
Yep—Chicago’s Still a Seller’s Market (Especially in Evanston)
Subtitle:
Thinking of selling? Here’s why now might be your moment to cash in.
Meta Description:
The Chicago housing market is still going strong for sellers—especially in Evanston, where homes are selling for over asking. Here’s what the latest data says.
If you’ve been wondering whether the Chicago real estate market has finally cooled off… it hasn’t. In fact, it’s still a seller’s market—and if you’re in Evanston, it’s even hotter.
Let’s break it down:
While some cities are seeing a shift toward a more balanced market, Chicago is holding steady in seller territory. According to Zillow’s Market Heat Index, Chicago clocked in at 58.2 last fall, keeping it squarely in seller’s market range. That means buyers are still competing hard—and sellers are in the driver’s seat.
Prices are up too. As of late last year, the median home price in the city was $365,000—up 13% compared to the year before. And despite the price hikes, homes are still flying off the market. The average time on market is down to 76 days.
Now let’s talk Evanston. If you're a homeowner here, you're sitting on some serious equity.
Here’s what’s happening:
Homes are selling for more than asking. On average, sellers in Evanston are getting 101.4% of their list price.
Prices are way up. The median sale price hit $430,500—an increase of over 22% compared to last year.
Stuff is selling fast. The hottest homes are going under contract in about 24 days and often for 5% over asking.
That’s a strong market, folks.
If you’re thinking about selling, this could be your window to get top dollar—especially if your home is well-maintained and priced right. The combo of low inventory and high buyer demand is creating a sweet spot for sellers.
If you’re buying, don’t panic—but do be ready to act fast and come in strong.
Need help figuring out the best move for your situation? Let’s talk strategy.
