How much is a home in 47720 worth?

The typical home value in 47720 is $274,030 as of 2026-08-01, up 4.9% over the past year.

How long does it take to sell a home in 47720?

Homes in 47720 spend a median of 42 days on market as of 2026-08-01.

Are sellers cutting prices in 47720?

As of 2026-08-01, 40.0% of listings in 47720 have had a price cut, while the median list price is $384,900.

Market Intelligence · IN / Evansville

Evansville, IN 47720 Housing Market

The typical home value in Evansville, IN 47720 is $274,030, up 4.9% over the past year as of 2026-08-01. The median list price is $384,900, and homes spend a median of 42 days on market.

Updated August 2026Median value$274K

The median home value in Evansville, IN 47720 is $274K as of August 2026, up 4.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 47720 range

$252K to $296K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+4.9% over 12 months

Aug 2025$261K

Low $261KHigh $274K

Aug 2026$274K

The numbers

What is the 47720 housing market like?

As of August 2026

Typical home value

$274K

4.9%YoY

Median list price

$385K

1.3%MoM

Days on market

13.5%MoM

Homes for sale

3.8%MoM

Price cuts

40.0%

34.1%MoM

New listings

50.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 47720 home prices compare?

47720$274,030
Evansville$210,734
Indiana$237,708
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Evansville: 9 ZIPs; Indiana: 697 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, the 47720 ZIP code has 27 homes for sale, with 12 new listings coming to market. The median list price is $384,900, while the typical home value sits at $274,030, up 4.9% over the past year. Homes move at a moderate pace, with a median of 42 days on market. Notably, 40.0% of listings have had a price cut, which suggests sellers are adjusting expectations even as values trend upward. For a seller, that means pricing carefully from the start matters more than aiming high and cutting later.

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