Is Evansville, IN 47708 a buyer’s or seller’s market?
Evansville is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Evansville housing market right now
In the three months ending August 31, 2026, 0% of homes in Evansville, IN 47708 sold above their list price, the typical home went under contract in 72 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Within Vanderburgh County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Evansville 47715 (29% sold over asking) and Evansville 47714 (25% sold over asking) are even more competitive.
Run the numbers for 47708
Nearby markets
Evansville 47710Seller’s market $125 /sq ftEvansville 47711Seller’s market $140 /sq ftEvansville 47712Seller’s market $133 /sq ftEvansville 47713Buyer’s market $80 /sq ft Browse all markets →Where Evansville is
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Questions about Evansville real estate
Is Evansville a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Evansville, IN 47708 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Evansville?
The typical home went under contract in 72 days in the latest three months.
Do homes in Evansville sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.
What are property taxes in Evansville?
About 0.80% of a home’s value a year in Vanderburgh County, or roughly $3,200 on a $400,000 home.
What is the median home price in Evansville?
The median sale price was $419,818 in the three months ending August 31, 2026, about $171 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology