You are using an older browser version. Please use a supported version for the best MSN experience.

Evansville-area home prices rise 12.2% in June, with houses for sale in high demand

Evansville Courier & Press logo Evansville Courier & Press 7/5/2022 Mike Stucka and Sean Lahman USA TODAY NETWORK
For sale by owner, located at 3939 Woodmont Dr, Parrish. It has 3 bedrooms, 2 baths, and is 1,862 square feet. © THOMAS BENDER/HERALD-TRIBUNE For sale by owner, located at 3939 Woodmont Dr, Parrish. It has 3 bedrooms, 2 baths, and is 1,862 square feet.

A typical Vanderburgh County home listed for $207,500 in June, up 12.2% from the previous month's $185,000, an analysis of data from Realtor.com shows.

The median list home price in June was up about 20% from June 2021. Vanderburgh County's median home was 1,859 square feet for a listed price of $116 per square foot.

The Vanderburgh County market was busy, with a median 24 days on market. A month earlier, homes had a median 21 days on market. The market added 188 new home listings in June, compared with the 172 added in June 2021. The market ended the month with some 187 listings of homes for sale.

More: What can the median-listed price in Evansville's housing market actually buy you?

The median home prices issued by Realtor.com may exclude much, or even most, of a market's homes. The price and volume represent only homes that are single-family homes, condominums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.

Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.

What were Evansville-area home prices in June? Here's a county-by-county breakdown

  • Home prices in Warrick County, Indiana, fell 5.3%, to a median $297,450, from a month earlier. The typical house was on the market for 30 days, from 29 days a month earlier. The typical 2,287-square-foot house had a list price of $142 per square foot.
  • Home prices in Posey County, Indiana, fell 4.3%, to a median $258,500, from a month earlier. The typical house was on the market for 18 days, from 34 days a month earlier. The typical 1,826-square-foot house had a list price of $117 per square foot.
  • Home prices in Gibson County, Indiana, rose 0.9%, to a median $199,950, from a month earlier. The typical house was on the market for 41 days, from 27 days a month earlier. The typical 1,932-square-foot house had a list price of $113 per square foot.
  • Home prices in Spencer County, Indiana, fell 6.9%, to a median $209,500, from a month earlier. The typical house was on the market for 36 days, from 32 days a month earlier. The typical 1,777-square-foot house had a list price of $112 per square foot.
  • Home prices in Perry County, Indiana, rose 5.5%, to a median $152,450, from a month earlier. The typical house was on the market for 35 days, from 46 days a month earlier. The typical 1,753-square-foot house had a list price of $96 per square foot.
  • Home prices in Wabash County, Illinois, rose 22.1%, to a median $179,900, from a month earlier. The typical house was on the market for 76 days, from 64 days a month earlier. The typical 1,533-square-foot house had a list price of $100 per square foot.
  • Home prices in White County, Illinois, rose 19.8%, to a median $125,750, from a month earlier. The typical house was on the market for 46 days, from 66 days a month earlier. The typical 1,483-square-foot house had a list price of $82 per square foot.
  • Across metro Evansville, median home prices rose to $246,000, up 7.2% from a month earlier. The median home had 1,963 square feet, at a list price of $125 per square foot.
  • Across all of Indiana, median home prices were $278,450, rising 1.3% from a month earlier. The median Indiana home for sale had 1,943 square feet at list price of $140 per square foot.
  • Across all of Illinois, median home prices were $309,900, rising 3.3% from a month earlier. The median Illinois home for sale had 1,690 square feet at list price of $177 per square foot.
  • Across the United States, median home prices were $450,000, up 0.7% from a month earlier. The median American home for sale had 1,887 square feet, listed at $228 per square foot.

The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.

This article originally appeared on Evansville Courier & Press: Evansville-area home prices rise 12.2% in June, with houses for sale in high demand

AdChoices

More From Evansville Courier & Press

Evansville Courier & Press
Evansville Courier & Press
AdChoices
image beaconimage beaconimage beacon