RE/MAX Accord's Market Report

Richmond, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Richmond, CA

Mon Apr 22 2019
This week the median list price for Richmond, CA is $546,350 with the market action index hovering around 56. This is an increase over last month's market action index of 50. Inventory has held steady at or around 72. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Richmond, CA

Mon Apr 22 2019
This week the median list price for Richmond, CA is $546,350 with the market action index hovering around 56. This is an increase over last month's market action index of 50. Inventory has held steady at or around 72. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $546,350
Per Square Foot $438
Days on Market 49
Price Decreased 22%
Price Increased 4%
Relisted 17%
Inventory 72
Median House Rent $2,600
Most Expensive $2,398,000
Least Expensive $330,000
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
$869,000 2,366 4,500 - 6,500 sqft 3 3 39 2 2 70
$575,000 1,521 4,500 - 6,500 sqft 3 2 68 3 4 36
$499,499 1,107 4,500 - 6,500 sqft 3 2 71 5 7 43
$399,450 897 0 - 4,500 sqft 2 1 67 5 3 47