Is Evanston, IL 60203 a buyer’s or seller’s market?
Evanston is a seller’s market. With about 1.7 months of supply and 57% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 92% of U.S. ZIP codes, and #26 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Evanston housing market right now
In the three months ending August 31, 2026, 57% of homes in Evanston, IL 60203 sold above their list price, the typical home went under contract in 34 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 22 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold faster (41 days then) and the median sale price rose 11% to $613,235. Overall, Evanston is more competitive than a year ago, so tougher for buyers.
Within Cook County, homes here sell faster than in 97% of the county’s ZIP codes, and sell more often over asking than in 85%. On our competition score, Evanston ranks #26 of 464 IL ZIP codes with enough sales (score 87 out of 100).
Nearby, buyers who want less competition could look at Thornton 60476 (14% sold over asking) or Chicago 60604 (17% sold over asking), while Golf 60029 (100% sold over asking) and Berkeley 60163 (75% sold over asking) are even more competitive.
Run the numbers for 60203
Nearby markets
Alsip 60803Seller’s market $202 /sq ftArlington Heights 60004Seller’s market $280 /sq ftArlington Heights 60005Seller’s market $261 /sq ftBarrington 60010Seller’s market $255 /sq ft Browse all markets →Towns like Evanston nearby
Find towns like Evanston in other states →Where Evanston is
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Questions about Evanston real estate
Is Evanston a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in Evanston, IL 60203 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Evanston?
The typical home went under contract in 34 days in the latest three months.
Do homes in Evanston sell over asking?
57% of homes sold above their original list price, and the typical sale closed at 104.3% of the list price.
What are property taxes in Evanston?
About 1.91% of a home’s value a year in Cook County, or roughly $7,640 on a $400,000 home.
What is the median home price in Evanston?
The median sale price was $613,235 in the three months ending August 31, 2026, about $305 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology