Evanston Real Estate Market Update — October 2025

Fall listings surged. Prices climbed. And buyers still showed up ready to pay.

October didn’t slow down — it doubled down.
Single-family homes kept their momentum, condos came back swinging, and well-priced listings across Evanston showed just how serious buyers still are before winter hits.

This is the month where Evanston reminded everyone:
supply doesn’t scare demand when the location is this desirable.

Let’s break down what really happened.

Detached Homes (Single-Family)

October delivered a louder echo of what we saw in September:
inventory rose, demand rose harder.

Year-over-Year (October 2024 → October 2025)

• New Listings: 30 → 28 (–6.7%)

• Under Contract: 27 → 15 (–44.4%)

• Closed Sales: 22 → 29 (+31.8%)

• Median Sales Price: $665,500 → $750,000 (+12.7%)

• Average Sales Price: $802,932 → $833,738 (+3.8%)

• Percent of List Price Received: 94.6% → 99.8%

• Market Time: 45 → 33 days (–26.7%)

• Inventory: 32 → 40 (+25%)

What it means:

More homes hit the market… and buyers still paid more, faster, and closer to asking.

This wasn’t just high-end sales pushing prices up — this was buyers refusing to wait until spring.

• Homes sold faster.

• Sellers nearly hit 100% of list.

• Inventory grew without cooling demand.

Bottom line?
If your Evanston home was priced correctly in October, it didn’t just sell — it commanded attention.

Sellers: preparation + strategy = leverage.
Buyers: October made it clear — hesitation is expensive.

Attached Homes (Condos + Townhomes)

Condos didn’t just stabilize — they surged where it matters most: value and movement.

Year-over-Year (October 2024 → October 2025)

• New Listings: 40 → 59 (+47.5%)

• Under Contract: 28 → 36 (+28.6%)

• Closed Sales: 44 → 39 (–11.4%)

• Median Sales Price: $262,500 → $339,000 (+29.1%)

• Average Sales Price: $318,941 → $375,128 (+17.6%)

• Percent of List Price Received: 98.8% → 98.6% (flat)

• Market Time: 38 → 34 days (–10.5%)

• Inventory: 49 → 70 (+42.9%)

What it means:

Condos had something we haven’t seen this aggressively in months:
more options + more demand + higher prices.

This is a perfect example of a balanced market tipping in sellers’ favor… as long as pricing is realistic.

The two truths of October condos:

• Well-priced units sold fast.

• Overpriced units sat.

Strategy mattered more than ever — not discounts.

Inventory Snapshot

• Detached: More to choose from, but demand outran supply anyway.

• Attached: Big increase in options — and buyers absorbed them.

Even with rising inventory, Evanston is still an inventory-strained market, especially for homes near schools, trains, and walkable retail.

What Buyers Should Know

October made one thing crystal clear:

• You don’t “wait for deals” in Evanston.

• You win with speed, clarity, and strategy.

• Homes sold faster and closer to asking — even with higher inventory.

Waiting won’t help you. Preparation will.

What Sellers Should Know

Thinking about selling soon?

October numbers should be your confidence boost:

• Nearly 100% of asking for well-priced homes.

• Buyers moved quickly in every category.

• More listings didn’t hurt — they motivated buyers.

If your home is staged and priced correctly, winter won’t slow you down.
The demand is already here.

If you want me to pull a quick price estimate for your Evanston home using October’s data, just say the word — I can run it by neighborhood and property style. 📍💬