Richmond, IN metro area Housing Market Brief
metro · as of May 2026
What is Richmond, IN metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Richmond, IN metro area in its market cycle?
Richmond, IN metro area is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
Richmond, IN metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $152K | ▲ +1.3% |
| Median Days on Market | 38 days | ▲ +26.7% |
| Months of Supply | 2.3 | ▼ -14.8% |
| Homes for Sale | 157 | ▼ -11.8% |
| Homes Sold | 69 | ▲ +4.6% |
| Median Price / Sq Ft | $124 | ▲ +16.4% |
| Sale-to-List Ratio | 96.6% | ▲ +0.1% |
How has Richmond, IN metro area’s Alpha Score moved?
Markets like Richmond, IN metro area
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Frequently asked questions
Is Richmond, IN metro area a buyer's or seller's market?
As of May 2026, Richmond, IN metro area is classified as a Seller's Market, based on its Alpha Score of 64 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Richmond, IN metro area?
The median sale price in Richmond, IN metro area is $152K, having risen 1.3% over the past year.
How affordable is Richmond, IN metro area?
Richmond, IN metro area scores 92 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Richmond, IN metro area's Alpha Score?
Richmond, IN metro area's strongest dimension is Affordability (92/100) and its weakest is Price Momentum (50/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Richmond, IN metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.