Call or Text (240) SELL-123

EVANSTON, IN 47531

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The EVANSTON, IN real estate market (47531) currently shows 4 active listings, with 2 pending sales. Homes are averaging 75 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 75 days on market compared to 91 days last year.

The median listing price has fallen 51.4% year-over-year, from $499,975 to $242,975.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for EVANSTON, IN 47531 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 897  ·  Density: 9.5/mi²  ·  Median household income: $95,980

Typical home value: $254,503  ·  Homeownership: 89.4%

Market Overview

Active Listings
4
⇧ 100% vs 2 last year
Pending
2
50% pending ratio
Median Price
$242,975
⇩ 51.4% vs $499,975 last year
Average Price
$304,667
⇩ 39.1% vs $499,975 last year
Days on Market
75
⇩ 17.6% vs 91 days last year

Price Per Square Foot

Median $/sqft
$143
⇩ 20.1% vs $179/sqft last year
Median Home Size
1,934 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
—
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 2 last year
  • Days on market: 75 now vs 91 last year

Median & Average Pricing

Year over Year
  • Median: $242,975 (-51.4% YoY)
  • Average: $304,667 (-39.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.8 miles — 102 listings ($27,122,156 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47531Evanston, IN 475310.0 mi2$444,800$222,400$222,400
47615Grandview, IN 476157.6 mi2$324,000$172,000$162,000
42351Lewisport, KY 423519.7 mi8$1,938,200$248,475$242,275
47515Bristow, IN 4751512.3 mi3$1,213,350$404,450$404,450
47537Gentryville, IN 4753712.9 mi1$114,900$114,900$114,900
47520Cannelton, IN 4752014.5 mi20$5,786,700$193,750$289,335
42348Hawesville, KY 4234815.1 mi7$1,536,521$186,400$219,503
47525Derby, IN 4752516.1 mi4$1,256,660$336,175$314,165
47574Rome, IN 4757416.7 mi2$777,750$388,875$388,875
47635Rockport, IN 4763517.7 mi21$4,732,980$218,675$225,380
47542Huntingburg, IN 4754218.9 mi19$5,360,223$261,175$282,117
47513Birdseye, IN 4751319.9 mi8$2,596,672$274,950$324,584
40111Cloverport, KY 4011121.8 mi5$1,039,400$115,000$207,880

Frequently Asked Questions

How many homes are for sale in EVANSTON, IN 47531?

As of September 2026, there are 4 active listings in EVANSTON, IN (zip code 47531), compared to 2 the prior year.

What is the median home price in EVANSTON, IN 47531?

The median listing price in EVANSTON, IN 47531 is $242,975 as of September 2026, a 51.4% decrease from $499,975 the prior year.

How long do homes stay on the market in EVANSTON, IN?

Homes in EVANSTON, IN 47531 spend an average of 75 days on the market before going under contract, compared to 91 days the prior year.

Is it a seller's or buyer's market in EVANSTON, IN 47531?

Based on current inventory and days-on-market data as of September 2026, EVANSTON, IN 47531 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 75 days on market compared to 91 days last year.

How much can I save on real estate commission in EVANSTON, IN?

With SELL123.com's maximum 3% commission, sellers in EVANSTON, IN 47531 save an estimated $4,860 compared to a typical 5% commission on the median listing price of $242,975. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.