Jorge G Gomez

In Evanston, mid-range home values reached $491.5K in the latest release, marking an ↑8.6% yearly gain and showing continued pricing strength locally.
Separate local REALTOR® data showed Evanston’s non-distressed median sales price edged from $450K to $455K, a modest ↑1.1% between Late-Q3 2025 and the following month.
Inventory tightened in Evanston, shrinking by >11% over the prior year, while new pending listings moved in a median of just eight days.
That mix made Evanston an intriguing market for both buyers and sellers, with limited supply and quick contract activity suggesting motivated demand.
At the same time, avg. 30-yr mortgage rates climbed to the mid-7% range, their highest level since Early-Q1 2025, adding another consideration.

Evanston Home Values Keep Rising

Skokie was grouped with nearby communities showing yearly home-value growth similar to a nearby market’s ~9% gain, signaling continued local price momentum.
A listings platform’s figures reflected midrange values for single-family homes, condos, and co-ops, offering a broad recent read on Skokie housing prices.
That approach estimated every home in a market, not only recent sales, giving Skokie owners and buyers a wider benchmark for tracking values.
At the same time, Skokie buyers were navigating avg. 30-yr mortgage rates in the mid-7% range, the highest level since Early-Q1 2025.
Together trends showed Skokie buyers and sellers operating in a market shaped by price gains on one side and higher financing costs on the other.