RE/MAX Accord's Market Report

Richmond, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Richmond, CA

Tue Jan 19 2021
This week the median list price for Richmond, CA is $565,000 with the market action index hovering around 75. This is an increase over last month's market action index of 69. Inventory has held steady at or around 29. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Richmond, CA

Tue Jan 19 2021
This week the median list price for Richmond, CA is $565,000 with the market action index hovering around 75. This is an increase over last month's market action index of 69. Inventory has held steady at or around 29. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $565,000
Per Square Foot $439
Days on Market 30
Price Decreased 14%
Price Increased 3%
Relisted 10%
Inventory 29
Median Rent $2,575
Most Expensive $1,200,000
Least Expensive $395,000
Market Action 75
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
$740,000 1,814 0 - 4,500 sqft 3 2 56 4 3 8
$649,500 1,360 4,500 - 6,500 sqft 3 2 73 3 0 29
$517,000 1,137 0 - 4,500 sqft 3 2 71 4 3 20
$449,975 1,128 0 - 4,500 sqft 3 2 65 4 0 58