If there’s one thing Evanston homeowners and buyers want right now, it’s clarity.
Is the market cooling? Heating up? Flattening?
Short answer: Evanston is holding strong — and in some segments, outperforming the broader Chicagoland market.
Let’s break down what’s actually happening.
📈 Pricing: Still Rising (Yes, Really)
The median listing price in Evanston is trending up 8.3% year-over-year, showing that buyers are still willing to pay a premium for updated homes in the right locations.
Southeast Evanston, Central Street, and lake-adjacent blocks continue to outperform the average thanks to limited supply and high lifestyle value.
⏳ Days on Market: Moving Faster Than You Think
Well-prepped, well-priced homes are selling quickly — often with multiple offers.
Homes that check the “Evanston boxes” (walkability, updates, charm, location) move the fastest.
Condos and townhomes are also seeing renewed energy, with days on market dropping as buyers look for entry-level opportunities.
🏠 Inventory: Tight, Selective, and Competitive
Inventory remains limited, especially:
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Near the lake
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In top school zones
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In neighborhoods walkable to CTA/Metra
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For modernized single-family homes
Translation?
If you’re a seller, you still have leverage.
If you’re a buyer, preparation wins — especially pre-approval and strategic timing.
🔥 What’s Moving Right Now
Across the board, these categories are performing best:
1. Updated single-family homes
Turnkey = top dollar.
Buyers want move-in-ready more than ever.
2. Homes under $1.2M
Demand stays strong, especially with Chicago buyers hunting for more space.
3. Luxury homes ($1.5M+)
This segment remains remarkably stable; buyers want character + modern systems.
4. Condos near transit
CTA/Metra proximity continues to carry major weight. See the Metra schedule here
💡 What This Means for Evanston Homeowners
If you’re thinking about selling, this is still a favorable market — especially if your home is updated or located in a high-demand pocket.
If you’re buying, you’ll want to move quickly and strategically. The good news? Value remains strong and consistent; Evanston rarely experiences the dramatic swings seen elsewhere.
Ready to dive deeper?
If you’d like a custom analysis for your neighborhood — or want to know what your home might sell for today — I can put together a tailored report.
