Richmond, IN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Richmond, IN is $155,500, up 15.2% year-over-year. Homes sell in an average of 54 days with 84 active listings. The market is currently a balanced market.
$155,500median sale price
Is Richmond a buyer's or seller's market?
Richmond, IN is currently a balanced market, based on 2.0 months of supply and homes selling in about 54 days. How we determine this →
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
Richmond, IN market data
| Metric | Value |
|---|---|
| Median sale price | $155,500 |
| Median list price | $124,450 |
| Year-over-year price change | +15.2% |
| Average days on market | 54 days |
| Active inventory | 84 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 94.9% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
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
Homes for sale in Richmond
There are currently 84 homes listed for sale in Richmond, Indiana. The median listing price is $124K.
Active listings
84
Homes on market
Median list price
$124K
Avg. days on market
54
Days until sale
New this week
20
Newly listed
Top public schools in Richmond
10 schools tracked · 4,481 students
The largest public schools serving Richmond, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Richmond High School
Grades 9-12 · 1,331 students
Dennis Middle School
Grades 7-8 · 642 students
Test Intermediate School
Grades 5-6 · 624 students
Crestdale Elementary School
Grades PK-4 · 373 students
Charles Elementary School
Grades PK-4 · 335 students
Vaile Elementary School
Grades PK-4 · 309 students
Westview Elementary School
Grades PK-4 · 276 students
Fairview Elementary School
Grades PK-4 · 271 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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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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