Wednesday, December 06, 2017

Our neighbor to the north: Evanston home sales

A classic Evanston home near the lake on Dempster.
We spent a couple days last week viewing homes in southeastern Evanston just east of Chicago Avenue and near Burnham Shores Park. The area of interest is in Nichols Middle School.  This is a relatively expensive area for single family homes with reason.  It's close to Metra, CTA, Lake Michigan beaches and parks, shops, dining, grocery stores, services and Northwestern University to boot!  

Let's take a look at overall Evanston single family home sales.

Views of the Northwestern campus from Burnham Shores Park.

Beautiful home on Hinman just east of Chicago Avenue shops, services and dining.
2017 Single Family Home Sales January 1st to November 30th
431 Evanston single family homes have closed thus far in 2017.  The median price of a closed house is a hefty $538,000.  The location and condition of a median priced house varies but you can expect "vintage farmhouse" in general. Closer to the lake you can bet on very vintage and expensive!

The highest closed price in Evanston this year is $2,800,000 for 1048 Forest Ave, Evanston IL 60202.  I happened to pass by the "10,000 sq/ft" Colonial style estate yesterday. It sits on a 2/3 acre lot in southeast Evanston two blocks from Burnham Shores Park. 

Over the same period in 2016, 458 single family homes closed with a median price of $515,500. Looking back to 2012 when the local housing market began to recover rapidly 403 single family houses closed with a median price of about $440,000.

We walked by the Evanston History Center on the way to a showing.
Currently 53 homes are under contract with a median asking price of $440,000.  That will bring the median price down a little by years end.  It is also a sign of buyers investing in lower end homes in traditionally lower priced pockets to renovate.  

116 Evanston homes are actively for sale on our MLS (

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