Intero's Market Report

Richmond, CA

Single-Family Homes



Richmond, CA

Sat Oct 16 2021
This week the median list price for Richmond, CA is $642,000 with the market action index hovering around 74. This is less than last month's market action index of 75. Inventory has increased to 72. Click here to stay informed with the Richmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Richmond, CA

Sat Oct 16 2021
This week the median list price for Richmond, CA is $642,000 with the market action index hovering around 74. This is less than last month's market action index of 75. Inventory has increased to 72. Click here to stay informed with the Richmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $642,000
Median Price of New Listings $712,000
Per Square Foot $500
Average Days on Market 31
Median Days on Market 7
Price Decreased 17%
Price Increased 3%
Relisted 7%
Inventory 72
Median Rent $1,995
Market Action 74
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$866,499 1,872 4,500 - 6,500 sqft 3 3 52 8 4 7
$712,000 1,391 4,500 - 6,500 sqft 3 2 70 5 6 7
$599,000 1,083 0 - 4,500 sqft 3 1 70 3 6 14
$485,000 885 0 - 4,500 sqft 2 1 96 6 6 24