The Richmond housing market is somewhat competitive. The median sale price of a home in Richmond was $138K last month, down 4.5% since last year. The median sale price per square foot in Richmond is $108, down 3.6% since last year.
What is the housing market like in Richmond today?
In February 2025, Richmond home prices were down 4.5% compared to last year, selling for a median price of $138K. On average, homes in Richmond sell after 23 days on the market compared to 45 days last year. There were 26 homes sold in February this year, down from 30 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$137,500
-4.5% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Richmond, IN
$137,500
-4.5%
United States
To compare other locations to the Richmond and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Richmond add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Richmond housing market?
Richmond is somewhat competitive. Homes sell in 37.5 days.
0
100
67
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 5% below list price and go pending in around 38 days.
Hot homes
can sell for around list price and go pending in around 14 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Richmond housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Richmond.
Flood Factor - Moderate
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Richmond has a moderate risk of flooding. 932 properties in Richmond are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Richmond. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Richmond has a moderate risk of wildfire. There are 152 properties in Richmond that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Richmond.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Richmond has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Richmond is most at risk from hurricanes. 16,032 properties in Richmond have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 52 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 60 mph.