Altos Market Data for Realtors

Richmond, IL

Single-Family Homes

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Richmond, IL

Tue Sep 21 2021
This week the median list price for Richmond, IL is $294,900 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has decreased to 7. 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 settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Richmond, IL

Tue Sep 21 2021
This week the median list price for Richmond, IL is $294,900 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has decreased to 7. 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 settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $294,900
Median Price of New Listings $379,900
Per Square Foot $138
Average Days on Market 78
Median Days on Market 56
Price Decreased 57%
Price Increased 14%
Relisted 0%
Inventory 7
Median Rent $2,150
Market Action 55
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$379,900 2,290 1 - 2.5 acres 4 2 32 1 2 63
$345,950 3,239 0.25 - 0.5 acre 5 3 40 0 0 77
$282,400 2,320 0.25 - 0.5 acre 4 2 63 0 0 115
$202,250 1,671 0.25 - 0.5 acre 3 1 48 0 1 49