Is New Richmond, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Richmond is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, New Richmond has remained a Seller's Market.

Key Takeaway

New Richmond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in New Richmond, IN

How much do homes in New Richmond, IN cost?

Median Sold Price

$165,500

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,500(+20.8%)

Key Takeaway

Homes in New Richmond have sold for 20.8% more than they did a year ago.

Summary: The median home sold price in New Richmond was $165,500 in October 2024, up 20.8% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $121K$172K
+42.1%
3 $155K$148K
-4.5%
4 $145K$159K
+9.7%
5+ -$550K
N/A

Summary: New Richmond housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.1%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Coal Creek Township
+61.3%
New Richmond
+20.8%

Housing Supply in New Richmond, IN

How many homes are available in New Richmond, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
42-50.0%

Summary: The New Richmond real estate market had 2 homes for sale in October 2024, a 50.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 42
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The New Richmond housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Richmond, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in New Richmond in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for New Richmond, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in New Richmond, IN

Nearby Markets to New Richmond, IN