RE/MAX Accord's Market Report

Richmond, CA

Single-Family Homes

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Richmond, CA

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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Richmond, CA

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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $579,900
Per Square Foot $380
Days on Market 37
Price Decreased 23%
Price Increased 2%
Relisted 22%
Inventory 143
Median House Rent $2,600
Most Expensive $2,595,000
Least Expensive $249,000
Market Action Index
Strong Seller's Market
53

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
$799,900 2,436 4,500 - 6,500 sqft 4 3 28 3 2 55
$649,999 1,658 4,500 - 6,500 sqft 3 2 68 8 5 25
$531,875 1,441 4,500 - 6,500 sqft 3 2 66 9 6 35
$399,000 1,006 0 - 4,500 sqft 3 2 74 14 12 35