Is New Richmond, IN 47967 a buyer’s or seller’s market?
New Richmond is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The New Richmond housing market right now
In the three months ending August 31, 2026, 0% of homes in New Richmond, IN 47967 sold above their list price, the typical home went under contract in 22 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (8 days then) and the median sale price fell 49% to $138,940. Overall, New Richmond is less competitive than a year ago, which gives buyers more room.
Within Montgomery County, homes here sell more slowly than in 56% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Linden 47955 (71% sold over asking) and Wingate 47994 (50% sold over asking) are even more competitive.
Run the numbers for 47967
Nearby markets
Crawfordsville 47933Seller’s market $137 /sq ftDarlington 47940Seller’s market $157 /sq ftLadoga 47954Seller’s market $140 /sq ftLinden 47955Seller’s market $158 /sq ft Browse all markets →Where New Richmond is
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Questions about New Richmond real estate
Is New Richmond a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in New Richmond, IN 47967 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in New Richmond?
The typical home went under contract in 22 days in the latest three months.
Do homes in New Richmond sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in New Richmond?
About 0.65% of a home’s value a year in Montgomery County, or roughly $2,600 on a $400,000 home.
What is the median home price in New Richmond?
The median sale price was $138,940 in the three months ending August 31, 2026, about $77 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology