RE/MAX Accord's Market Report

Richmond, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Richmond, CA

Fri Dec 14 2018
This week the median list price for Richmond, CA is $525,000 with the market action index hovering around 48. This is less than last month's market action index of 50. Inventory has held steady at or around 121. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Fri Dec 14 2018
This week the median list price for Richmond, CA is $525,000 with the market action index hovering around 48. This is less than last month's market action index of 50. Inventory has held steady at or around 121. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $525,000
Per Square Foot $400
Days on Market 60
Price Decreased 36%
Price Increased 9%
Relisted 19%
Inventory 121
Median House Rent $2,448
Most Expensive $2,595,000
Least Expensive $335,000
Market Action Index
Strong Seller's Market
48

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
$799,000 2,219 4,500 - 6,500 sqft 3 3 39 2 2 83
$581,475 1,487 4,500 - 6,500 sqft 3 2 67 7 8 45
$499,444 1,319 4,500 - 6,500 sqft 3 2 63 3 1 64
$399,000 1,012 0 - 4,500 sqft 3 2 76 5 3 47