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Sarah Mitchell
Compass Real Estate · ZIP 60202
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60202 ZIP Code Housing Market
$419,000median sale price
What is the 60202 housing market like right now?
The median home sale price in ZIP code 60202 is $419,000, up 1.0% year-over-year. Homes sell in an average of 39 days with 62 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 60202 ZIP code a buyer's or seller's market?
ZIP code 60202 is currently a balanced market and homes selling in about 39 days. How we determine this →
What are the latest 60202 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $419,000 |
| Median list price | $389,000 |
| Year-over-year price change | +1.0% |
| Average days on market | 39 days |
| Active inventory | 62 listings |
| Sale-to-list price ratio | 102.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 60202 zip code, located in Evanston, IL, is currently classified as a balanced market. The median sale price stands at $419,000, representing a +1.0% change year over year. Homes in this area spend an average of 39 days on the market before going under contract. There are currently 62 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 60202 sits in the Evanston, IL area, roughly 1.3 miles from downtown Evanston. Because home prices are set street by street, this ZIP can move differently from Evanston's citywide averages. The figures below reflect 60202 specifically — drawn from Redfin transactions, U.S. Census data for its 32,341 residents, and Zillow value estimates.
Homes sold
114
Last 12 weeks
Days on market
39
Average pace
Active listings
62
Sale-to-list
102.6%
Above asking
What is driving the 60202 housing market?
The 60202 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 102.6% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 60202 have increased +1.0% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 60202 stands at $408,767, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,204 per month. This gives a price-to-rent ratio of approximately 15.5, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 60202?
Population
32,341
Median income
$98,989/yr
Median age
41.6 years
Owner-occupied
58.1%
College grads
64.9%
Avg commute
27.05 min
What is it like living in 60202?
Zip code 60202 is home to approximately 32,341 residents. The median household income is $98,989 per year, which shapes the types of homes and amenities available in the area. With a median age of 41.6 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 58.1% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 64.9% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 27.05 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 60202.
Which public schools serve ZIP 60202?
9 schools tracked · 2,730 students
The largest public schools serving ZIP code 60202 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.
Nichols Middle School
Grades 6-8 · 637 students
Chute Middle School
Grades 6-8 · 597 students
Washington Elem School
Grades K-5 · 424 students
Lincoln Elem School
Grades K-5 · 390 students
Oakton Elem School
Grades K-5 · 375 students
Dawes Elementary School
Grades K-5 · 307 students
ETHS Day School
Grades 9-12
Rice Childrens Center
Grades 1-8
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 60202
What is the median home price in 60202?
The current median sale price in 60202 is $419,000, based on recent Redfin transaction data. Prices have changed +1.0% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 60202 a buyer's or seller's market?
The 60202 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 60202?
Zip code 60202 has a population of approximately 32,341 residents. The median household income is $98,989 per year. About 58.1% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 60202?
Properties Incorporated provides comprehensive data for 60202 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 60202 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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