Comprehensive market data and analysis• Updated Dec 2025
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 1 | 3 |
Acreage buckets
The median price for land in Richmond, Indiana is currently $11K per acre. For a typical parcel, the median sale price is $200K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $43K while premium lots reached $372K.
Land in Richmond, Indiana averages $13K per acre. The median price per acre is $11K, which may be more representative of typical transactions. Most parcels sold are around 17.9 acres.
The top-performing broker in this market is Halderman - Harmeyer Real Est.
There are currently 31 active listings in Richmond, Indiana. 5 new listings have hit the market in the last 90 days. The median asking price is $93K.
The 12-month rate is 0.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Richmond, Indiana stands at $200K. This translates to roughly $11K per acre for the typical parcel size. The average price is $206K, indicating some higher-priced properties pulling up the average.
Land in Richmond, Indiana typically sells within 37 days of listing. The median time on market is 37 days. Properties are moving quickly in the current strong buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
