Richmond, IN
Housing market overview · Updated weekly
$155,500median sale price
Homes sold
42
Last 12 weeks
Days on market
54
Average pace
Active listings
84
2.0 months supply
Sale-to-list
94.9%
Below asking
The Richmond housing market is currently classified as a balanced market with a median sale price of $155,500. Prices have risen 15.2% compared to last year, with homes spending an average of 54 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Richmond?
The median home sale price in Richmond is $155,500, up 15.2% from last year.
How long do homes stay on market in Richmond?
Homes typically spend 54 days on market before going under contract.
Is Richmond a buyer's or seller's market?
With 2.0 months of supply, Richmond is currently a balanced market.
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