Evansville, IN metro area Housing Market
Warm MarketComprehensive housing market data for the Evansville, IN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$235K
↑ 10.3% YoY
Days on Market
27 days
↑ 8.0% YoY
Active Inventory
654
↑ 17.0% YoY
Homes Sold
301
↑ 0.7% YoY
Warm Market
The market is active with moderate buyer demand.
Evansville, IN metro area Market Summary
The Evansville, IN metro area housing market is heating up. As of March 2026, the median home sale price is $235K, up 10.3% year-over-year. Homes are spending a median of 27 days on the market, 8.0% longer than a year ago.
There are 654 homes for sale — 17.0% more than last year. With 2.2 months of supply, this is a seller's market. 392 new listings were added during this period, down 0.3% year-over-year.
Homes are selling for 98.1% of their list price on average, suggesting room for negotiation. 25.3% of homes sell above their asking price. 36.9% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
58
Contributing Factors
How This Market Compares
vs. National Median
vs. Indiana Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 46% below the national median, which could indicate stronger cash flow potential.
Evansville, IN metro area Market Trends
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Detailed Market Metrics
Median List Price
$239K
Price per Sq Ft
$145
Sale-to-List Ratio
98.1%
Months of Supply
2.2
Sold Above List
25.3%
Price Drops
36.9%
New Listings
392
↓ 0.3% YoY
Pending Sales
400
Off Market in 2 Weeks
48.0%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.