Market Intelligence Report — IN-780

Evansville, IN

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-IN-08
As of the latest 2026 data
Stabilizing

Median Listing

$261K
-6.6% YoY

Pending Ratio

0.52
-12.4% YoY

Active Inventory

738
+16.6% YoY

Median DOM

51 Days
+4.1% YoY

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The Evansville market is currently categorized as Stabilizing. With a pending ratio of 0.52, the market is exhibiting a degree of balance between demand and available inventory, despite a year-over-year decline of 12.4% in this key metric. Active listings have expanded by 16.6% over the past year, reflecting an easing of supply constraints.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Evansville market right now.

Active listings have increased by 16.6% over the past year, contributing to an expansion of available supply. This has occurred concurrently with a 15.8% year-over-year contraction in new listings. The median listing price has observed a 6.6% decrease over the past year, while the median days on market increased by 4.1% in the latest data, indicating a slower absorption pace. The pending ratio has declined by 12.4% year-over-year, suggesting a moderation in demand relative to supply.

Trae Dauby
Trae Dauby
Independent

Local pricing and inventory dynamics across Evansville shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$261K-3.1% MoM

Active Inventory

738+16.6% YoY

Days on Market

51+4.1% YoY

Sold Score™

57-12.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

57
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market condition implies a more measured pace for transactions. The expansion of active listings suggests that purchasers may encounter a broader selection of properties, which can translate to increased leverage in negotiating terms. Sellers may need to demonstrate greater price discipline, particularly given the longer marketing periods indicated by the median days on market.

Luxury Segment

The average listing price has declined by 5.3% year-over-year, and the median price per square foot has seen a 3.1% decrease. The average-to-median listing price spread, currently at approximately $47,458, suggests some divergence in performance across price tiers, but there is no distinct luxury-segment signal in this dataset to indicate specific softness at the highest price points beyond the general market trend.

Supply Dynamics

738 active listings represent the current floor, with new supply arriving at roughly 340 per month.

Pricing Pressure
25.7%

of active listings carry a price reduction, +0.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -3.1% year-over-year.

Absorption
0.52

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Evansville, IN? Inventory is up 17% from last year.

Evansville, IN is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
52%
Median Days on Market
51 days
Inventory YoY
+17%

Evansville, IN is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Trae Dauby

Independent

How these recommendations are chosen →

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Metro Demographics

Metro Area
Evansville, IN
CBSA Code
21780
State
IN

ZIPs in Evansville, IN

Sorted by active inventory · click a ZIP for its full report

Vetted Local Practitioners

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Analysis FAQ
  • What is the current market condition in Evansville?+

    As of the latest 2026 data, the Evansville metro is classified as Stabilizing. Pending ratio is 0.52 with median days on market at 51.

  • Are home prices dropping in Evansville?+

    Median listing price is $261K, -6.6% year over year. 25.7% of active listings carry a price reduction.

  • How fast are homes selling in Evansville?+

    The typical listing sits 51 days on market, a +4.1% change YoY. New listings are arriving at 340 per month.

  • What's happening in the Evansville luxury market?+

    The average listing price has declined by 5.3% year-over-year, and the median price per square foot has seen a 3.1% decrease. The average-to-median listing price spread, currently at approximately $47,458, suggests some divergence in performance across price tiers, but there is no distinct luxury-segment signal in this dataset to indicate specific softness at the highest price points beyond the general market trend.

  • Where can I find a trusted Evansville real estate expert?+

    Primpted maintains a vetted registry of Evansville agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 21780 · 36mo history