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EVANSVILLE, IN 47720

Real Estate Market Report  ·  Vanderburgh County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
27
⇧ 50% vs 18 last year
Pending
13
48% pending ratio
Median Price
$364,900
⇧ 27.6% vs $286,050 last year
Average Price
$633,535
⇩ 5.8% vs $672,787 last year
Days on Market
52
⇩ 35.8% vs 81 days last year

Market Context

Population: 17,198  ·  Density: 119.4/mi²  ·  Median household income: $73,732

Typical home value: $195,376  ·  Homeownership: 85.5%

Market Analysis

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

The EVANSVILLE, IN real estate market (47720) currently shows 27 active listings, with 13 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are selling faster, averaging 52 days on market compared to 81 days last year.

The median listing price has risen 27.6% year-over-year, from $286,050 to $364,900.

Whether you are buying or selling in EVANSVILLE, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 18 last year
  • Days on market: 52 now vs 81 last year

Median & Average Pricing

Year over Year
  • Median: $364,900 (+27.6% YoY)
  • Average: $633,535 (-5.8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.3 miles — 392 listings ($110,524,822 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47720Evansville, IN 477200.0 mi27$17,105,445$364,900$633,535
47711Evansville, IN 477116.6 mi131$32,953,836$199,000$251,556
47708Evansville, IN 477087.1 mi2$923,700$461,850$461,850
47712Evansville, IN 477129.2 mi62$12,305,884$178,950$198,482
47639Haubstadt, IN 476399.3 mi8$3,153,376$363,944$394,172
47612Cynthiana, IN 476129.8 mi4$811,000$202,750$202,750
47633Poseyville, IN 4763310.8 mi2$579,716$303,675$289,858
47613Elberfeld, IN 4761313.7 mi5$3,266,665$280,000$653,333
47631New Harmony, IN 4763114.8 mi2$629,400$314,700$314,700
47620Mount Vernon, IN 4762016.8 mi42$11,121,054$239,900$264,787
42451Reed, KY 4245118.5 mi1$234,900$234,900$234,900
42420Henderson, KY 4242019.4 mi99$25,878,006$225,000$261,394
42406Corydon, KY 4240620.3 mi7$1,561,840$159,900$223,120

Frequently Asked Questions

How many homes are for sale in EVANSVILLE, IN 47720?

As of January 2026, there are 27 active listings in EVANSVILLE, IN (zip code 47720), compared to 18 the prior year.

What is the median home price in EVANSVILLE, IN 47720?

The median listing price in EVANSVILLE, IN 47720 is $364,900 as of January 2026, a 27.6% increase from $286,050 the prior year.

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

Homes in EVANSVILLE, IN 47720 spend an average of 52 days on the market before going under contract, compared to 81 days the prior year.

Is it a seller's or buyer's market in EVANSVILLE, IN 47720?

Based on current inventory and days-on-market data as of January 2026, EVANSVILLE, IN 47720 is currently a Balanced Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are selling faster, averaging 52 days on market compared to 81 days last year.

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

With SELL123.com's maximum 3% commission, sellers in EVANSVILLE, IN 47720 save an estimated $7,298 compared to a typical 5% commission on the median listing price of $364,900. 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.