RE/MAX Accord's Market Report

Richmond, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Richmond, CA

Thu Feb 21 2019
This week the median list price for Richmond, CA is $529,000 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has held steady at or around 89. Click here to stay informed with the Richmond market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Thu Feb 21 2019
This week the median list price for Richmond, CA is $529,000 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has held steady at or around 89. Click here to stay informed with the Richmond market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $529,000
Per Square Foot $420
Days on Market 66
Price Decreased 39%
Price Increased 2%
Relisted 17%
Inventory 89
Median House Rent $2,550
Most Expensive $2,595,000
Least Expensive $260,000
Market Action Index
Strong Seller's Market
48

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$809,000 2,382 4,500 - 6,500 sqft 3 3 38 4 3 91
$579,000 1,413 4,500 - 6,500 sqft 3 2 58 6 6 53
$470,000 1,204 4,500 - 6,500 sqft 3 2 70 3 5 76
$399,000 836 0 - 4,500 sqft 2 2 76 4 6 47