RE/MAX Accord's Market Report

Richmond, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Richmond, CA

Fri Sep 20 2019
This week the median list price for Richmond, CA is $549,000 with the market action index hovering around 56. This is about the same as last month's market action index of 56. Inventory has held steady at or around 111. 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

Fri Sep 20 2019
This week the median list price for Richmond, CA is $549,000 with the market action index hovering around 56. This is about the same as last month's market action index of 56. Inventory has held steady at or around 111. 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 $549,000
Per Square Foot $407
Days on Market 43
Price Decreased 24%
Price Increased 5%
Relisted 12%
Inventory 111
Median House Rent $2,800
Most Expensive $2,100,000
Least Expensive $300,000
Market Action Index
Strong Seller's Market
56

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
$798,000 2,318 4,500 - 6,500 sqft 3 3 31 8 4 57
$609,450 1,575 4,500 - 6,500 sqft 3 2 70 8 6 36
$494,250 1,166 0 - 4,500 sqft 3 2 68 7 5 36
$398,500 1,025 0 - 4,500 sqft 2 2 76 7 4 45