Evansville, IN Housing Market Overview - April 2024

  • Median Home Price: The median listing price for homes in Evansville stood at $200,000, marking a 7.5% increase from the previous year, where the median was $186,000.
  • Homes Sold: In April 2024, a total of 209 homes were sold, showing a modest increase compared to 205 homes sold in April 2023.
  • Average Days on Market: Homes spent an average of 33 days on the market before being sold, a slight increase from 26 days in April 2023, indicating a cooling in market turnover.
  • Months Supply of Inventory: The housing inventory level was at a 1.3 months supply, marginally higher than the 1.2 months recorded last year, suggesting a tight market but slightly more balanced than before.

Downtown Evansville, IN

Evansville City Highlights

  • Vibrant Downtown: The heart of Evansville boasts a vibrant blend of historic buildings, modern apartments, and bustling commercial areas.
  • Riverfront Revival: The scenic riverfront area continues to be a focus for development, enhancing recreational opportunities and beautifying the cityscape.
  • Educational Institutions: With several higher education institutions, Evansville remains a hub for academic excellence and youthful energy.
  • Cultural Festivities: A calendar packed with cultural festivities keeps the community spirit alive and kicking, drawing visitors from across the region.

What This Means for You Whether you are looking to buy your dream home or considering selling your property in Evansville, understanding these trends is crucial. The steady rise in home prices reflects a growing market that benefits sellers, while the relatively low months supply of inventory underscores the competitiveness buyers may face.

Evansville, IN Real EstateWhy Choose McBride Real Estate Group? At McBride Real Estate Group, we pride ourselves on providing a seamless, stress-free, and highly rewarding real estate experience. With a focus on client care, integrity, and professionalism, we are the team that not only meets but exceeds your real estate expectations. Remember, We are the Real Estate Team that MOVES YOU! Contact us today to start your journey in the ever-evolving Evansville market. This tailored approach ensures you make informed decisions, whether you’re buying or selling in Evansville. Our team’s commitment and expertise make us the ideal partner for your real estate journey.

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