Richmond, Indiana Housing Market Trends for September 2025

As August wrapped up, the Richmond housing market showed steady momentum heading into fall. While home values softened slightly, sales activity surged, signaling that demand remains strong. Here’s a closer look at how the market performed last month.

The average home value in August was $180,579, reflecting a 3.94% dip from July. This modest adjustment shows buyers are carefully weighing affordability as inventory shifts.

Sales activity, however, told a different story. A total of 202 properties closed, marking a 53.03% increase from July. This jump in closings demonstrates that well-priced homes are moving, and motivated buyers are still eager to secure their next home.

Meanwhile, homes averaged 69 days on the market, improving by 3 days compared to July. This faster pace highlights that, despite pricing adjustments, demand is steady and buyers remain engaged.

As the market continues to shift, staying informed on these trends can help buyers and sellers make confident real estate decisions. If you’re planning a move or simply keeping an eye on the market, now is a great time to explore your options!