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EVANSTON, IN 47531

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

Market Analysis

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

The EVANSTON, IN real estate market (47531) currently shows 2 active listings, with 2 pending sales. Homes are averaging 52 days on the market before going under contract.

Homes are selling faster, averaging 52 days on market compared to 230 days last year.

The median listing price has fallen 62.9% year-over-year, from $599,900 to $222,400.

Whether you are buying or selling in EVANSTON, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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
2
Pending
2
100% pending ratio
Median Price
$222,400
⇩ 62.9% vs $599,900 last year
Average Price
$222,400
⇩ 62.9% vs $599,900 last year
Days on Market
52
⇩ 77.4% vs 230 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 52 now vs 230 last year

Median & Average Pricing

Year over Year
  • Median: $222,400 (-62.9% YoY)
  • Average: $222,400 (-62.9% 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 March 2026, there are 2 active listings in EVANSTON, IN (zip code 47531).

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

The median listing price in EVANSTON, IN 47531 is $222,400 as of March 2026, a 62.9% decrease from $599,900 the prior year.

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

Homes in EVANSTON, IN 47531 spend an average of 52 days on the market before going under contract, compared to 230 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 March 2026, EVANSTON, IN 47531 is currently a Balanced Market. Homes are selling faster, averaging 52 days on market compared to 230 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 $4,448 compared to a typical 5% commission on the median listing price of $222,400. 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.