Henderson-area home prices rise 0.6% in March, with houses for sale in modest demand

Mike Stucka and Sean Lahman USA TODAY NETWORK
·2 min read
The median sales price for a single-family home in Richmond County has decreased 1.4% since March 2021.
The median sales price for a single-family home in Richmond County has decreased 1.4% since March 2021.

A typical Henderson County home listed for $150,900 in March, up 0.6% from a month earlier, an analysis of data from Realtor.com shows.

The median list home price in March was down about 16.1% from March 2021. Henderson County's median home was 1,628 square feet for a listed price of $97 per square foot.

The Henderson County market was tepid, with a median 66 days on market. The market added 28 new home listings in March, compared with the 24 added in March 2021. The market ended the month with some 24 listings of homes for sale.

More: How first-time Evansville homebuyers can beat the competition. (A cover letter can help!)

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

Across metro Evansville, median home prices fell to $194,500, down 3.9% from a month earlier. The median home had 1,674 square feet, at a list price of $119 per square foot.

Across all of Kentucky, median home prices were $252,450, rising 3.1% from a month earlier. The median Kentucky home for sale had 1,788 square feet at list price of $140 per square foot.

Across the United States, median home prices were $404,950, up 3.2% from a month earlier. The median American home for sale had 1,800 square feet, listed at $214 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 Henderson Gleaner: Henderson-area homes for sale drop to $150,900 median price