RE/MAX Accord's Market Report
Richmond, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
Richmond, CA
Sun Oct 25 2020
This week the median list price for Richmond, CA is $549,000 with the market action index hovering around 59. This is less than last month's market action index of 60. Inventory has held steady at or around 99.
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
| Median List Price | $549,000 | |
| Per Square Foot | $416 | |
| Days on Market | 48 | |
| Price Decreased | 32% | |
| Price Increased | 4% | |
| Relisted | 18% | |
| Inventory | 99 | |
| Median Rent | $2,650 | |
| Most Expensive | $2,895,000 | |
| Least Expensive | $180,000 | |
| Market Action | 59 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $865,944 | 2,069 | 4,500 - 6,500 sqft | 3 | 3 | 68 | 6 | 7 | 39 |
| $575,000 | 1,324 | 4,500 - 6,500 sqft | 3 | 2 | 61 | 2 | 4 | 46 |
| $499,000 | 1,210 | 4,500 - 6,500 sqft | 3 | 2 | 65 | 4 | 9 | 55 |
| $418,000 | 902 | 0 - 4,500 sqft | 3 | 2 | 94 | 3 | 2 | 49 |