Evanston Real Estate Market Heats Up Amid Coronavirus Pandemic

EVANSTON, IL — More Evanston homes were sold in 2020 than any year in over a decade, with two residential sales exceeding last year’s top most expensive sale.

Sales of Evanston condos, townhomes and single-family residences have been so hot the median sales price surpassed the median listing price for the final five months of the year.

By December 2020, the median closing price reached $450,000, according to Realtor.com listing data, more than 23 percent above the price tag of the median listing.

Properties in Evanston have also been selling faster since the start of the pandemic, with the median days spent on the market declined from a 2020 peak of 111 days on the market in February to just 62 days on the market in December.

According to the North Shore-Barrington Association of Realtors, more units were sold in Evanston in 2020 than in any year since 2004.

A total of 573 residential units in Evanston changed hands last year, up from 311 the prior year and twice the number sold in 2018. The mean average of sales prices in the city rose by more than $100,000 to $666,709, the highest level since 2007.

Realtors say buyers have been

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