Market Update | November 2025 | Southwest Indiana

November 2025 Evansville Real Estate Market Update

As we move toward the end of the year, the Evansville real estate market continues to show steady activity, with November offering some important insights for both buyers and sellers. While we did see some month-over-month changes, the overall market remains healthy and balanced by strong demand and limited inventory.

Below is a breakdown of November’s numbers and what they mean for the local housing market.

📊 November 2025 Market Snapshot

In November, 373 homes were listed for sale, representing a 10.98% decrease compared to November 2024. This marks one of the first times this year that we’ve seen a noticeable drop in new listings. At the same time, 335 homes sold, down 9.70% year over year. While seeing both listings and sales decline together can raise questions, this shift aligns with typical seasonal slowdowns toward the end of the year rather than signaling a broader market slowdown.

Even with fewer homes coming on the market and fewer closing in November, inventory remains limited, with just 2.4 months of supply. This level of inventory is still well below what’s considered a balanced market, meaning Evansville remains firmly in a seller’s market.

Despite the seasonal dip in activity, there is still a large pool of motivated buyers in the market. Many buyers continue to search actively, while others have been waiting on the sidelines for interest rates to ease. Throughout 2025, we’ve seen mortgage rates decrease slightly, helping maintain buyer confidence and affordability.

💰 Pricing 

Home prices in Evansville have remained stable and resilient.

• Average Sales Price: $251,653 (up 1.90%)
  
  
• Median Sales Price: $230,000 (up 8.49%)

This continued price growth, particularly in the median price, suggests sustained demand for well-priced homes.

📈 Year-to-Date Market Performance

Looking at the broader picture, 2025 has been a strong year for the Evansville housing market when compared to 2024:

• Homes Listed: 5,382 (up 4.65%)
  
  
• Homes Sold: 4,173 (up 2.20%)
  
  
• Total Volume Sold: $1.07 billion (up 8.70%)
  
  
• Average Sales Price: $256,964 (up 6.35%)
  
  
• Median Sales Price: $228,000 (up 6.54%)

While activity has moderated slightly toward the end of the year, pricing strength and steady demand have remained consistent throughout 2025.

🏡 What This Means for Buyers and Sellers

For sellers, limited inventory continues to work in your favor. Even though homes may take slightly longer to sell than during peak months, pricing remains strong and buyer demand is still present — especially for homes that are well-prepared and priced appropriately.

For buyers, competition has eased somewhat compared to earlier in the year. Staying prepared with financing and acting quickly on the right opportunity remains important, particularly as interest rates have improved slightly and more buyers re-enter the market.

Thinking About Making a Move?

Understanding current market conditions is key to making confident real estate decisions. Whether you’re considering buying, selling, or simply keeping an eye on the market, our team at Dauby Real Estate is here to help.

📞 812-777-4611
🌐 DaubyRealEstate.com

Reach out anytime for a personalized market analysis or to talk through your real estate goals.