Is Evansville, IL 62242 a buyer’s or seller’s market?
Evansville is a seller’s market. With about 3.2 months of supply and 33% 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, 33% of homes in Evansville, IL 62242 sold above their list price, the typical home went under contract in 37 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 Randolph County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Prairie Du Rocher 62277 (0% sold over asking) or Ellis Grove 62241 (0% sold over asking), while Steeleville 62288 (40% sold over asking) is even more competitive.
Run the numbers for 62242
Nearby markets
Baldwin 62217 — /sq ftChester 62233Buyer’s market $91 /sq ftEllis Grove 62241Buyer’s market $135 /sq ftPercy 62272Seller’s market $79 /sq ft Browse all markets →Towns like Evansville nearby
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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, IL 62242 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 37 days in the latest three months.
Do homes in Evansville sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 100.2% of the list price.
What are property taxes in Evansville?
About 1.43% of a home’s value a year in Randolph County, or roughly $5,720 on a $400,000 home.
What is the median home price in Evansville?
The median sale price was $129,944 in the three months ending August 31, 2026, about $92 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