Detached home market in Richmond: Buyer's Market · 31 houses sold (30d) · avg $1,776,908 · 42 days on market
Buyers currently have more choice in Richmond's detached home market, with homes taking longer to sell. In the past 30 days, 31 houses and detached homes sold across Richmond at an average sold price of $1,776,908. Properties are selling in an average of 42 days on the market. The absorption rate is 4.4% — meaning 4.4% of the active house inventory sells each month. Average house prices in Richmond are down 3.9% compared to the 90-day average of $1,849,532. If you're considering buying a house in Richmond, you have more time to negotiate — though well-priced single-family homes still attract attention.
Average sold price per month (houses & detached homes)
How many houses sold in each price bracket (last 90 days)
Based on 31 house and detached home sales recorded in the last 30 days via the MLS® board data. This includes houses, duplexes, triplexes and fourplexes.
Based on current data, Richmond is a Buyer's Market for detached homes and houses.
The absorption rate — the percentage of active listings that sell each month — is 4.4%, with 700 active house listings and 31 sales in the last 30 days.
What this means for buyers: You have more negotiating power. There are more houses available than buyers, giving you time to find the right single-family home without as much competition pressure.
Houses in Richmond are taking an average of 42 days on the market before selling, based on sales in the last 30 days.
31 houses and detached homes sold in Richmond in the last 30 days, based on MLS® data (includes houses, duplexes, triplexes and fourplexes).
There are currently 700 active house listings in Richmond.