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Foreclosures in Evanston, IL 60203

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Evanston, IL Foreclosures

Current Market Conditions in in Evanston, IL As of February 2026?
Over the past month, Evanston's housing market has seen a slight rise in home prices, attributed to an increased interest from buyers looking for family-friendly neighborhoods with good schools. Inventory levels have remained steady, but buyer competition has intensified, leading to homes spending less time on the market before being sold. This month has shown a notable uptick in open house attendance, indicating growing interest from potential buyers.
How much do homes sell for in Evanston, IL?
The average home price is currently $633,661.
In Evanston, IL, how many homes are available?
There are currently 26 active home listings available in Evanston.
What’s the average rental cost in Evanston, IL?
The average rental price in Evanston is $2,312.
What is the most expensive home in Evanston?
The most expensive home sold in Evanston had a price of $60,069,178.
What is currently the cheapest priced home in Evanston, IL?
The cheapest home for sale in Evanston is priced at $10,461.

Living in Evanston, IL

Evanston, IL is a charming city located north of Chicago, blending urban conveniences with suburban comfort. Known for its beautiful lakefront and historic architecture, Evanston offers excellent public schools, diverse amenities, and vibrant community life. The presence of Northwestern University enriches the cultural landscape and creates a vibrant atmosphere.

Buyer vs Seller Market in Evanston, IL

The Evanston real estate market remains competitive, with homes averaging around $580,000. Inventory is somewhat limited, leading to quicker sales and multiple offers in certain price brackets. Recent trends indicate an increase in demand for single-family homes as families seek more space.

Notably, the market is experiencing a shift with millennials and young professionals looking to settle in Evanston for its proximity to Chicago, quality of life, and strong community feel. This trend has led to new developments and renovations in both residential and commercial sectors.

Home Value Estimator For Evanston, IL

There are currently 25,247 real estate properties in Evanston, IL, with a median automated valuation model (AVM) price of $488,552.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Evanston, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Evanston, IL, is $633,661.00, with the most expensive house in Evanston, IL, topping out at $60,069,178.00 and the cheapest home in Evanston, IL, clocking in at $10,461.00. In other words, there’s something for every potential homebuyer or savvy investor in Evanston, IL!

Rent Prices In Evanston, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Evanston, IL, is on a rollercoaster ride. The average rent price in Evanston, IL, is $2,312.00. Indeed, when looking to rent in Evanston, IL, you can expect to pay as little as $570.00 or as much as $4,720.00, with the average rent median estimated to be $2,280.00. The good news is that finding an affordable and desirable property to rent in Evanston, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Evanston, IL 60203 Foreclosures

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