E
vanston's real estate market is sizzling, with a median home price of $380,000 and prices rising 12% in recent months. The city ranked No. 98 on a list of nearly 500 small cities with hot markets, with 39.9% of homes selling above market value. Real estate agents attribute the interest to Evanston's unique blend of urban and suburban amenities.

    "Urban suburban" is how Jackie Mack, a Realtor with Jameson Sotheby's International Realty, describes Evanston's appeal. Clients love the walkability, proximity to Chicago, and access to the lakefront. Megan Livatano, a Realtor with @properties, notes that Evanston offers "a city feel without being in the city." Kim Ferrer agrees, describing it as a "bigger city slash small city feel" that draws people from diverse backgrounds.

    Evanston's diversity is another major draw, according to Mack and Livatano. The city's liberal and accepting atmosphere makes it an attractive choice for families, singles, and retirees alike. Ferrer highlights the variety of homes and community opportunities available in Evanston, making it a great fit for people of all ages.

    The lakefront is also a significant selling point, with its beaches, trails, and programming. Realtors describe Evanston as a "suburban beach town" that offers something for everyone, from biking and walking to sailing and ice skating.

    Buyers are diverse, ranging from downsizing older adults to first-time homebuyers looking for a vibrant community. Some move from Chicago seeking a more relaxed pace while still wanting access to city amenities. However, inventory is a challenge in Evanston, contributing to higher prices due to high demand. Despite this, many buyers feel the benefits outweigh the costs.