Home prices here rose 4.5 percent last year


A new report says home prices in Evanston rose 4.5 percent last year — a bit less than the 5.6 percent increase across the metro area and just below the 4.6 average for the City of Chicago.

The report, in Chicago Business, is based on data from the Illinois Association of Realtors.

The median price last year in Evanston was $331,000, compared to $285,000 in the City of Chicago and $235,000 across the nine-county metro region covered by the Realtor group’s data.

Several North Shore communities saw price drops last year. Prices in Wilmette were down 7.8 percent to an average of $608,500. In Winnetka they fell 3.3 percent to $1.04 million. In Glencoe they dropped 2.1 percent to $852,000.

Nearby towns that saw price gains included Skokie, up 1.5 percent to $287,000; Morton Grove, up 9.6 percent to $310,000, and Niles, up 7.5 percent to $271,000.

Several nearby Chicago neighborhoods mostly saw gains.

Related story

How did home values do last year where you live? (Chicago Business, 1/24/18)


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