New Listing
28
$259,900
134 Clyde Ave Apt 3W
Evanston, IL 60202
2 bd1 ba800 sqft$325/ft²
Condo
Joseph Deardurff · Keller Williams ONEChicago
View photos & details
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Evanston, IL Housing Market
Strong seller's market+8.4% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Evanston, IL is worth $493,385, rose 8.4% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $415,220, -3.2% year over year (through May 2026). With 1.7 months of supply and homes going under contract in about 38 days, Evanston is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $493,385 home is about $2,634/mo in principal and interest.
Key numbers for Evanston, IL
Typical home value
$493,385
+8.4% in 12 months
Zillow, August 2026
Typical asking rent
$2,438/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$415,220
-3.2% year over year
Redfin, through May 2026
Days on market
38
Average pace
Redfin, through May 2026
Active listings
163
1.7 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$95,766
Home costs 5.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
103.3%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Evanston a buyer's or seller's market?
Strong seller's market1.7 months of supply38 days on market103.3% of asking
Evanston, IL is a strong seller's market, based on 1.7 months of supply and homes selling in about 38 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Evanston housing market data show?
Every row below is Redfin's final published month for Evanston, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $415,220 |
| Median list price | $495,000 |
| Year-over-year price change | -3.2% |
| Median price per sq ft | $307/sq ft |
| Median days on market | 38 days |
| Active inventory | 163 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 103.3% |
| Homes sold (that month) | 97 |
| New listings (that month) | 100 |
| Listings with a price cut | 11.0% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Evanston is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Evanston is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Evanston home prices moved?
Over the last three years the median sale price in Evanston, IL rose 6.5%, from $390,000 to $415,220. The live Zillow value series has rose 8.4% in the last 12 months, which is the more current read now that Redfin's series has stopped. 11.0% of Evanston listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 1.7 months while the sale-to-list ratio slips below its current 103.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Evanston?
Priced off the typical home value of $493,385 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $98,677 | $394,708 | $2,634/mo |
| 5% | $24,669 | $468,716 | $3,128/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,634, that implies roughly $112,884 a year before you add taxes and insurance. The median household in Evanston earns $95,766, about $17,118 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.2x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Evanston in the next 12 months?
Tell us your timeline. We send the Evanston market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Evanston?
Typical asking rent in Evanston, IL is $2,438/mo, against a typical home value of $493,385. That is a price-to-rent ratio of 16.9x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $2,634 a month — $196 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Evanston?
Active listings in Evanston, IL went from 197 in May 2025 to 163 in May 2026, a -17.3% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 167 | 90 |
| July 2025 | 166 | 80 |
| August 2025 | 161 | 83 |
| September 2025 | 177 | 85 |
| October 2025 | 178 | 75 |
| November 2025 | 162 | 37 |
| December 2025 | 107 | 32 |
| January 2026 | 122 | 55 |
| February 2026 | 154 | 94 |
| March 2026 | 165 | 93 |
| April 2026 | 170 | 113 |
| May 2026 | 163 | 100 |
Redfin, through May 2026
How does Evanston compare to Illinois and the U.S.?
Evanston homes sell for $415,220 — 23% above the Illinois median of $337,900. Against the national median of $410,700, Evanston runs 1% higher. Year-over-year, Evanston moved -3.2% against Illinois's +5.9% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Evanston, IL | $415,220 | -3.2% | 38 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Evanston
What buyers should watch
- Months of supply, currently 1.7. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 11.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $494 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $493,385 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Evanston listing goes under contract in 38 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 103.3% of asking. Price at the number you want and let competition do the rest.
- In the last published month Evanston added 100 new listings against 97 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +8.4% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Evanston varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Evanston
There are currently 163 homes listed for sale in Evanston, Illinois. The median listing price is $495K. Featured listings range from $259,900 to $2,295,000.
New Listing
20
$305,000
721 Hinman Ave Apt 2W
Evanston, IL 60202
2 bd1 ba919 sqft$332/ft²
Condo
Julie Fleetwood · Jameson Sotheby's International Realty
View photos & details
New Listing
26
$325,000
720 Oakton St Apt 3B
Evanston, IL 60202
3 bd2 ba
Condo
Juliana Yeager · @properties Christie's International Real Estate
View photos & details
New Listing
21
$329,000
1516 Hinman Ave Apt 603
Evanston, IL 60201
2 bd2 ba1,200 sqft$274/ft²
Condo
Edelyn Xie · REALEX REALTY
View photos & details
New Listing
$339,000
826 Judson Ave Apt 4
Evanston, IL 60202
2 bd2 ba1,270 sqft$267/ft²
Condo
Migdalia Cajigas · Re/Max Cityview
View photos & details
New Listing
28
$390,000
1315 McDaniel Ave Apt C
Evanston, IL 60201
3 bd3 ba1,606 sqft$243/ft²
Townhouse
Daniel Hengelmann · Kale Realty
View photos & details
New Listing
20
$398,000
1738 Chicago Ave Apt 805
Evanston, IL 60201
2 bd2 ba1,128 sqft$353/ft²
Condo
Debbie Glickman · @properties Christie's International Real Estate
View photos & details
New Listing
33
$539,000
515 Main St Apt 802
Evanston, IL 60202
3 bd2 ba1,509 sqft$357/ft²
Condo
Mary Summerville · Coldwell Banker
View photos & details
New Listing
30
$999,999
Address unavailable
Evanston, IL 60201
4 bd3 ba2,039 sqft$490/ft²
House7,231 sqft lot
Tatiyana Piper · Berkshire Hathaway HomeServices Starck Real Estate
View photos & details
New Listing
35
$1,150,000
723 South Blvd
Evanston, IL 60202
3 bd4 ba2,200 sqft$523/ft²
Townhouse
Karla Koziura · Baird & Warner
View photos & details
New Listing
47
$1,489,000
729 Lincoln St
Evanston, IL 60201
3 bd3 ba2,830 sqft$526/ft²
House
Barry Mann · Coldwell Banker Realty
View photos & details
New Listing
46
$2,295,000
1211 Hinman Ave
Evanston, IL 60202
6 bd4 ba5,714 sqft$402/ft²
House9,500 sqft lot
Beth Gomez · Jameson Sotheby's Intl Realty
View photos & details
Looking to buy in Evanston?
Get connected with a local real estate expert — free, no obligation.
Active listings
163
Homes on market
Median list price
$495K
Avg. days on market
38
Days until sale
New this week
100
Newly listed
Price drops:11.0%of listings
Sale-to-list:103.3%
How much do homes cost in Evanston by property type?
How the Evanston, IL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / co-op | $330,500 | $287/sq ft | 54 | 41 days |
| Townhouse | $405,000 | $258/sq ft | 7 | 38 days |
Who lives in Evanston?
American Community Survey estimates for Evanston. U.S. Census ACS, 2023
Population
76,552
Households
31,387
Median income
$95,766/yr
Median age
38 years
Owner-occupied
55.8%
Median home value
$472,300
Median gross rent
$1,698/mo
Mean commute
28.5 min
55.8% of occupied homes in Evanston are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $472,300 against Zillow's $493,385 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,698/mo, below Zillow's $2,438/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Evanston?
19 schools tracked · 9,606 students
The largest public schools serving Evanston, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Evanston Twp High School
Grades 9-12 · 3,586 students
Haven Middle School
Grades 6-8 · 686 students
Nichols Middle School
Grades 6-8 · 637 students
Chute Middle School
Grades 6-8 · 597 students
Washington Elem School
Grades K-5 · 424 students
Walker Elem School
Grades K-5 · 412 students
Lincoln Elem School
Grades K-5 · 390 students
Oakton Elem School
Grades K-5 · 375 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Evanston, IL?
Ordered by distance from Evanston, not by size. Compare Evanston side by side with any of them.
Which ZIP codes are in Evanston?
These are the ZIP codes we see on active Evanston listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Evanston housing market FAQ
Is Evanston a buyer's or seller's market?
Evanston, IL is currently a strong seller's market. That read comes from 1.7 months of supply, homes going under contract in about 38 days, and sellers getting 103.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Evanston?
The typical home in Evanston, IL is worth $493,385 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $415,220, about $307 per square foot.
Is Evanston cheaper than the rest of Illinois?
Evanston's median sale price of $415,220 is 23% higher than the Illinois statewide median of $337,900, and 1% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Evanston?
Homes in Evanston, IL spent a median of 38 days on market before going under contract, versus 43 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Evanston?
At the current 30-year fixed rate of 7.03%, 20% down on a $493,385 home is about $2,634 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $112,884 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $95,766.
Are home prices rising in Evanston?
The typical home value in Evanston, IL rose 8.4% over the last 12 months, from $455,288 to $493,385 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Evanston?
Evanston ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Evanston?
That depends on your timeline, not on a headline. What the data says today: Evanston, IL is a strong seller's market with 1.7 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 16.9x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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