Is Richmond, IN 47374 a buyer’s or seller’s market?

The Richmond housing market right now

In the three months ending August 31, 2026, 12% of homes in Richmond, IN 47374 sold above their list price, the typical home went under contract in 29 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 140 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (13% then), homes sold about as fast and the median sale price rose 18% to $187,919. Overall, Richmond is about as competitive as it was a year ago.

Within Wayne County, homes here sell faster than in 63% of the county’s ZIP codes, and sell less often over asking than in 56%. On our competition score, Richmond ranks #244 of 306 IN ZIP codes with enough sales (score 36 out of 100).

Nearby, buyers who want less competition could look at Greens Fork 47345 (0% sold over asking) or Economy 47339 (0% sold over asking), while Milton 47357 (100% sold over asking) and Williamsburg 47393 (33% sold over asking) are even more competitive.