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RICHMOND, IN 47374

Real Estate Market Report  ·  Wayne County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
166
⇧ 6.4% vs 156 last year
Pending
38
23% pending ratio
Median Price
$154,450
⇧ 2.3% vs $150,925 last year
Average Price
$218,182
⇧ 5.1% vs $207,527 last year
Days on Market
53
⇩ 15.9% vs 63 days last year

Market Context

Population: 45,480  ·  Density: 146.6/mi²  ·  Median household income: $50,880

Typical home value: $115,716  ·  Homeownership: 62.9%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The RICHMOND, IN real estate market (47374) currently shows 166 active listings, with 38 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are selling faster, averaging 53 days on market compared to 63 days last year.

The median listing price has risen 2.3% year-over-year, from $150,925 to $154,450.

Whether you are buying or selling in RICHMOND, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 166 this year vs 156 last year
  • Days on market: 53 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $154,450 (+2.3% YoY)
  • Average: $218,182 (+5.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.5 miles — 363 listings ($81,009,547 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47374Richmond, IN 473740.0 mi166$36,218,212$154,450$218,182
47330Centerville, IN 473307.7 mi23$6,251,400$199,900$271,800
47341Fountain City, IN 473419.7 mi1$159,900$159,900$159,900
45321Eldorado, OH 4532111.6 mi3$385,350$128,450$128,450
45320Eaton, OH 4532012.2 mi46$13,500,218$257,450$293,483
45346New Madison, OH 4534613.9 mi6$1,489,560$268,000$248,260
47355Lynn, IN 4735514.6 mi4$539,600$134,900$134,900
47327Cambridge City, IN 4732715.0 mi13$1,609,985$119,900$123,845
47346Hagerstown, IN 4734616.1 mi4$479,800$129,900$119,950
45338Lewisburg, OH 4533818.4 mi15$4,114,770$179,900$274,318
47358Modoc, IN 4735819.3 mi1$209,900$209,900$209,900
47331Connersville, IN 4733120.2 mi79$14,851,052$154,900$187,988
47387Straughn, IN 4738721.5 mi2$1,199,800$599,900$599,900

Frequently Asked Questions

How many homes are for sale in RICHMOND, IN 47374?

As of January 2026, there are 166 active listings in RICHMOND, IN (zip code 47374), compared to 156 the prior year.

What is the median home price in RICHMOND, IN 47374?

The median listing price in RICHMOND, IN 47374 is $154,450 as of January 2026, a 2.3% increase from $150,925 the prior year.

How long do homes stay on the market in RICHMOND, IN?

Homes in RICHMOND, IN 47374 spend an average of 53 days on the market before going under contract, compared to 63 days the prior year.

Is it a seller's or buyer's market in RICHMOND, IN 47374?

Based on current inventory and days-on-market data as of January 2026, RICHMOND, IN 47374 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are selling faster, averaging 53 days on market compared to 63 days last year.

How much can I save on real estate commission in RICHMOND, IN?

With SELL123.com's maximum 3% commission, sellers in RICHMOND, IN 47374 save an estimated $3,089 compared to a typical 5% commission on the median listing price of $154,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.