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All market snapshots / 47374

Richmond, IN 47374 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Richmond, IN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.10
ActiveActive listings: 5959PendingPending sales: 66
Richmond, IN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $116k$116kSoldMedian sold price (last 6 months): $156k$156k
What homes actually sell for in Richmond, IN
Distribution of 195 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $100k to $230k
$36k to $83k: 27 sales$36k$83k to $131k: 43 sales43sales$131k to $178k: 39 sales$131k$178k to $225k: 27 sales$225k to $273k: 18 sales$225k$273k to $320k: 14 sales$320k to $368k: 5 sales$320k$368k to $415k: 3 salesMedian $156k

What the numbers say

As of September 14, 2026, Resideline is tracking 59 active listings and 6 pending sales in ZIP code 47374. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $116,000, while the median of the 195 closed sales Resideline tracked over the last six months was $156,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 47374 for 67 days.

Frequently asked questions

What is the median home price in 47374?

The median closed sale price in Richmond, IN 47374 was $156,000 over the last six months, based on 195 closed sales tracked by Resideline. The middle half of those sales ranged from $100,000 to $229,900.

Is 47374 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 59 active listings in 47374, a pending-to-active ratio of 0.10. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 47374 currently looks like a balanced market.

Nearby ZIP code market data

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