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All market snapshots / 47374

Richmond, IN 47374 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Richmond, IN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 6161PendingPending sales: 55
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): $140k$140kSoldMedian sold price (last 6 months): $159k$159k
What homes actually sell for in Richmond, IN
Distribution of 204 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $110k to $242k
$45k to $89k: 28 sales$45k$89k to $134k: 42 sales42sales$134k to $178k: 38 sales$134k$178k to $222k: 23 sales$222k to $267k: 25 sales$222k$267k to $311k: 14 sales$311k to $356k: 7 sales$311k$356k to $400k: 6 salesMedian $159k

What the numbers say

As of October 5, 2026, Resideline is tracking 61 active listings and 5 pending sales in ZIP code 47374. That pending-to-active ratio of 0.08 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $139,900, while the median of the 204 closed sales Resideline tracked over the last six months was $159,000. 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 75 days.

Frequently asked questions

What is the median home price in 47374?

The median closed sale price in Richmond, IN 47374 was $159,000 over the last six months, based on 204 closed sales tracked by Resideline. The middle half of those sales ranged from $109,900 to $242,000.

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

Resideline is currently tracking 5 pending sales against 61 active listings in 47374, a pending-to-active ratio of 0.08. 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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