Is Evansville, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Evansville is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Evansville has remained a Seller's Market.

Key Takeaway

Evansville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Evansville, WA

How much do homes in Evansville, WA cost?

Median Sold Price

$550,027

$391/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,972(-0.9%)

Key Takeaway

Homes in Evansville have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Evansville was $550,027 in October 2024, down 0.9% from last year, and the median price per square foot was $391.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $297.4K-
N/A
2 $478.7K$530K
+10.7%
3 $570K$590K
+3.5%
4 $627.4K$699K
+11.4%
5+ $677.5K$700K
+3.3%

Summary: Evansville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 3.3%.

Housing Supply in Evansville, WA

How many homes are available in Evansville, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1921+10.5%

Summary: The Evansville real estate market had 21 homes for sale in October 2024, a 10.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 67
+16.7%
4 79
+28.6%
5+ 22
0.0%

Summary: The Evansville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
29+350.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Evansville, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Evansville in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.

Days on Market for Evansville, WA

How long does it take to sell a home in Evansville, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days23 Days+186.9%

Summary: Homes in Evansville had an average of 23 days on market in Oct 2024, up by 186.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Evansville are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Evansville; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Evansville, WA

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