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Hilltop Mount Auburn (Mt. Auburn) Western Terrace

EVANSVILLE, IN 47720

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

Neighborhoods in ZIP 47720

Hilltop · Mount Auburn (Mt. Auburn) · Western Terrace

Market Analysis

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

The EVANSVILLE, IN real estate market (47720) currently shows 32 active listings, with 15 pending sales. Homes are averaging 32 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are selling faster, averaging 32 days on market compared to 48 days last year.

The median listing price has risen 21.2% year-over-year, from $260,000 to $315,000.

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 Context

Market Context

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

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

Market Overview

Active Listings
32
⇧ 33.3% vs 24 last year
Pending
15
47% pending ratio
Median Price
$315,000
⇧ 21.2% vs $260,000 last year
Average Price
$593,889
vs $593,924 last year
Days on Market
32
⇩ 33.3% vs 48 days last year

Price Per Square Foot

Median $/sqft
$146
⇧ 5% vs $139/sqft last year
Median Home Size
2,200 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 32 this year vs 24 last year
  • Days on market: 32 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $315,000 (+21.2% YoY)
  • Average: $593,889 (+-0% 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 20.3 miles — 405 listings ($106,274,095 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47720Evansville, IN 477200.0 mi27$15,645,636$305,000$579,468
47711Evansville, IN 477116.6 mi147$31,689,084$156,125$215,572
47708Evansville, IN 477087.1 mi2$923,700$461,850$461,850
47712Evansville, IN 477129.2 mi60$11,811,960$180,675$196,866
47639Haubstadt, IN 476399.3 mi10$5,094,900$495,000$509,490
47612Cynthiana, IN 476129.8 mi3$585,000$195,000$195,000
47633Poseyville, IN 4763310.8 mi2$694,900$347,450$347,450
47613Elberfeld, IN 4761313.7 mi5$3,098,750$336,750$619,750
47631New Harmony, IN 4763114.8 mi4$1,257,868$314,000$314,467
47620Mount Vernon, IN 4762016.8 mi48$12,173,376$239,900$253,612
42451Reed, KY 4245118.5 mi2$334,800$167,400$167,400
42420Henderson, KY 4242019.4 mi89$21,443,571$199,250$240,939
42406Corydon, KY 4240620.3 mi6$1,520,550$239,900$253,425

Frequently Asked Questions

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

As of March 2026, there are 32 active listings in EVANSVILLE, IN (zip code 47720), compared to 24 the prior year.

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

The median listing price in EVANSVILLE, IN 47720 is $315,000 as of March 2026, a 21.2% increase from $260,000 the prior year.

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

Homes in EVANSVILLE, IN 47720 spend an average of 32 days on the market before going under contract, compared to 48 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 March 2026, EVANSVILLE, IN 47720 is currently a Balanced Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are selling faster, averaging 32 days on market compared to 48 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 $6,300 compared to a typical 5% commission on the median listing price of $315,000. 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.