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Featured local agent — New Richmond, IN
Sarah Mitchell
Compass Real Estate · New Richmond, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Richmond, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$244,500median sale price
How is the New Richmond, IN housing market right now?
The median home sale price in New Richmond, IN is $244,500. Homes sell in an average of 52 days. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of February 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New Richmond a buyer's or seller's market?
New Richmond, IN is currently a leaning buyer's and homes selling in about 52 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
52
Average pace
Active listings
—
Sale-to-list
98.6%
Below asking
What does the New Richmond housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $244,500 |
| Average days on market | 52 days |
| Sale-to-list price ratio | 98.6% |
| Median price per sq ft | $94/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in New Richmond by property type?
How the New Richmond, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $244,500 | $94/sq ft | 1 | 52 days |
Source: Redfin · Updated monthly
The New Richmond housing market is currently classified as a leaning buyer's with a median sale price of $244,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 52 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Homes for sale in New Richmond
Explore homes currently listed for sale in New Richmond, Indiana across major real estate platforms.
Who lives in New Richmond?
Population
441
Median income
$80,104/yr
Median age
37.5 years
Owner-occupied
92.0%
College grads
10.8%
Avg commute
43.5 min
Source: U.S. Census Bureau ACS
What are homes worth in New Richmond?
Zillow home value
$258,981
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in New Richmond?
New Richmond is a community of approximately 0K residents with a median age of 37.5 years.The median household income is $80,104, which reflects a relatively affluent area with strong earning potential. 10.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 92.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 43.5 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, New Richmond offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near New Richmond, IN?
Want a head-to-head view? Compare New Richmond side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New Richmond?
The median home sale price in New Richmond is $244,500, down 0.0% from last year.
How long do homes stay on market in New Richmond?
Homes typically spend 52 days on market before going under contract.
What is the median income in New Richmond?
The median household income is $80,104 per year.
What is the Zillow home value estimate for New Richmond?
The Zillow Home Value Index (ZHVI) for New Richmond is $258,981, representing the typical home value in the area.
How much does a single-family home cost in New Richmond?
The median single-family home price in New Richmond, IN is $244,500 (about $94 per square foot).
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