Is Evansville, IN 47724 a buyer’s or seller’s market?
Evansville is a seller’s market. With about 3.2 months of supply and 100% 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, 100% of homes in Evansville, IN 47724 sold above their list price, the typical home went under contract in 7 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 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 67%, homes sold faster (55 days then) and the median sale price rose 25% to $209,909. Overall, Evansville is more competitive than a year ago, so tougher for buyers.
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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 47724 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 7 days in the latest three months.
Do homes in Evansville sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 105.0% of the list price.
What is the median home price in Evansville?
The median sale price was $209,909 in the three months ending August 31, 2026, about $138 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