RE/MAX Accord's Market Report

Richmond, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Richmond, CA

Mon Nov 18 2019
This week the median list price for Richmond, CA is $519,000 with the market action index hovering around 55. This is an increase over last month's market action index of 53. Inventory has held steady at or around 93. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Richmond, CA

Mon Nov 18 2019
This week the median list price for Richmond, CA is $519,000 with the market action index hovering around 55. This is an increase over last month's market action index of 53. Inventory has held steady at or around 93. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $519,000
Per Square Foot $401
Days on Market 65
Price Decreased 28%
Price Increased 5%
Relisted 18%
Inventory 93
Median Rent $2,625
Most Expensive $2,150,000
Least Expensive $218,888
Market Action 55
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
$899,000 2,466 4,500 - 6,500 sqft 3 3 30 1 5 94
$569,000 1,417 4,500 - 6,500 sqft 3 2 62 3 6 53
$458,000 1,188 0 - 4,500 sqft 3 2 64 3 7 59
$379,950 935 0 - 4,500 sqft 2 2 77 5 7 53