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RICHMOND, IN 47374

Real Estate Market Report  ·  Wayne County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The RICHMOND, IN real estate market (47374) currently shows 164 active listings, with 46 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 57 days on market compared to 68 days last year.

The median listing price has risen 5.2% year-over-year, from $151,950 to $159,900.

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 Context

Market Context

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

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

Market Overview

Active Listings
164
⇩ 4.7% vs 172 last year
Pending
46
28% pending ratio
Median Price
$159,900
⇧ 5.2% vs $151,950 last year
Average Price
$235,962
⇧ 11.2% vs $212,169 last year
Days on Market
57
⇩ 16.2% vs 68 days last year

Price Per Square Foot

Median $/sqft
$113
⇧ 2.7% vs $110/sqft last year
Median Home Size
1,676 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 164 this year vs 172 last year
  • Days on market: 57 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $159,900 (+5.2% YoY)
  • Average: $235,962 (+11.2% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.8 miles — 365 listings ($84,877,128 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47374Richmond, IN 473740.0 mi157$36,587,280$169,900$233,040
47330Centerville, IN 473307.7 mi20$6,362,560$262,400$318,128
47341Fountain City, IN 473419.7 mi2$279,896$139,948$139,948
45321Eldorado, OH 4532111.6 mi1$122,500$122,500$122,500
45320Eaton, OH 4532012.2 mi50$13,951,500$238,975$279,030
45346New Madison, OH 4534613.9 mi7$1,482,880$220,375$211,840
47355Lynn, IN 4735514.6 mi3$404,700$134,900$134,900
47327Cambridge City, IN 4732715.0 mi15$2,069,160$125,525$137,944
47346Hagerstown, IN 4734616.1 mi6$1,833,324$166,175$305,554
45338Lewisburg, OH 4533818.4 mi13$3,508,479$195,475$269,883
47358Modoc, IN 4735819.3 mi2$314,850$157,425$157,425
47331Connersville, IN 4733120.2 mi75$14,200,425$154,900$189,339
45304Arcanum, OH 4530421.8 mi14$3,759,574$252,250$268,541

Frequently Asked Questions

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

As of March 2026, there are 164 active listings in RICHMOND, IN (zip code 47374), compared to 172 the prior year.

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

The median listing price in RICHMOND, IN 47374 is $159,900 as of March 2026, a 5.2% increase from $151,950 the prior year.

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

Homes in RICHMOND, IN 47374 spend an average of 57 days on the market before going under contract, compared to 68 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 March 2026, RICHMOND, IN 47374 is currently a Seller's Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 57 days on market compared to 68 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 $3,198 compared to a typical 5% commission on the median listing price of $159,900. 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.