RE/MAX Accord's Market Report

Richmond, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Richmond, CA

Thu Aug 06 2020
This week the median list price for Richmond, CA is $539,500 with the market action index hovering around 56. This is an increase over last month's market action index of 54. Inventory has held steady at or around 76. 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

Thu Aug 06 2020
This week the median list price for Richmond, CA is $539,500 with the market action index hovering around 56. This is an increase over last month's market action index of 54. Inventory has held steady at or around 76. 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 $539,500
Per Square Foot $390
Days on Market 43
Price Decreased 20%
Price Increased 4%
Relisted 13%
Inventory 76
Median Rent $2,600
Most Expensive $1,052,634
Least Expensive $195,900
Market Action 56
Strong Seller's Market

The market is 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
$789,000 1,952 4,500 - 6,500 sqft 3 2 68 5 4 43
$599,000 1,426 4,500 - 6,500 sqft 3 2 63 1 5 19
$489,000 1,330 0 - 4,500 sqft 3 2 69 1 6 55
$385,000 901 0 - 4,500 sqft 2 1 78 3 1 54