Richmond, RI
Housing market overview · Updated weekly
$675,000median sale price
Homes sold
5
Last 12 weeks
Days on market
29
Average pace
Active listings
9
1.8 months supply
Sale-to-list
101.1%
Above asking
The Richmond housing market is currently classified as a strong seller's market with a median sale price of $675,000. Prices have risen 60.5% compared to last year, with homes spending an average of 29 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Richmond?
The median home sale price in Richmond is $675,000, up 60.5% from last year.
How long do homes stay on market in Richmond?
Homes typically spend 29 days on market before going under contract.
Is Richmond a buyer's or seller's market?
With 1.8 months of supply, Richmond is currently a strong seller's market.
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