Market Intelligence Report — IN-980

Richmond, IN

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-IN-08
As of the latest 2026 data
Stabilizing

Median Listing

$197K
+15.6% YoY

Pending Ratio

0.57
-2.0% YoY

Active Inventory

169
-0.6% YoY

Median DOM

53 Days
+3.9% YoY

Primary Intelligence Tool — Sold Score™

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The Richmond, IN market is assessed as Stabilizing, with a pending ratio of 0.57 reflecting a balanced absorption of available inventory. Active listings exhibit minimal year-over-year contraction at -0.6%, while new listings have decreased by 31.8% over the past year, indicating constrained supply inflows.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Richmond market right now.

Inventory levels have remained relatively stable over the past year, with active listings declining marginally by 0.6%. However, new listing activity has seen a significant contraction of 31.8% year-over-year. The median listing price has increased by 15.6% over the past year, despite a 10.5% month-over-month decline in the most recent period. The pending ratio has observed a slight year-over-year decrease of 2.0%, settling at 0.57.

Jenny Mateyoke
Jenny Mateyoke
Keller Williams Realty

Local pricing and inventory dynamics across Richmond shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$197K-10.5% MoM

Active Inventory

169-0.6% YoY

Days on Market

53+3.9% YoY

Sold Score™

73-2.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

73
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.57 and stable active inventory, the market suggests a balanced pace of demand absorption. The substantial decline in new listings indicates continued supply constraints, potentially maintaining price discipline despite recent month-over-month price adjustments. Negotiating leverage is likely distributed, with neither party exhibiting clear dominance.

Luxury Segment

The average listing price has risen by 10.8% over the past year, while the median listing price increased by 15.6% during the same period. This differential indicates no distinct softening in the luxury segment as of the latest data.

Supply Dynamics

169 active listings represent the current floor, with new supply arriving at roughly 60 per month.

Pricing Pressure
17.9%

of active listings carry a price reduction, +2.5% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +14.0% year-over-year.

Absorption
0.57

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Richmond, IN? Buyer Demand Index is running at 57%.

Richmond, IN is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
57%
Median Days on Market
53 days
Inventory YoY
−1%

Richmond, IN is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

Check my home's Sold Score

Talk to a local listing expert covering Richmond, IN.

Jenny Mateyoke

Keller Williams Realty

How these recommendations are chosen →

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Metro Demographics

Metro Area
Richmond, IN
CBSA Code
39980
State
IN

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Analysis FAQ
  • What is the current market condition in Richmond?+

    As of the latest 2026 data, the Richmond metro is classified as Stabilizing. Pending ratio is 0.57 with median days on market at 53.

  • Are home prices dropping in Richmond?+

    Median listing price is $197K, +15.6% year over year. 17.9% of active listings carry a price reduction.

  • How fast are homes selling in Richmond?+

    The typical listing sits 53 days on market, a +3.9% change YoY. New listings are arriving at 60 per month.

  • What's happening in the Richmond luxury market?+

    The average listing price has risen by 10.8% over the past year, while the median listing price increased by 15.6% during the same period. This differential indicates no distinct softening in the luxury segment as of the latest data.

  • Where can I find a trusted Richmond real estate expert?+

    Primpted maintains a vetted registry of Richmond agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 39980 · 36mo history