Balanced Market · avg house price $1,705,000 · 2 houses sold (30d) · 98 days on market
The South Arm, Richmond house market is balanced, giving both buyers and sellers reasonable negotiating power. In the past 30 days, 2 houses and detached homes sold across South Arm, Richmond at an average sold price of $1,705,000. Properties are selling in an average of 98 days on the market. The absorption rate is 12.5% — meaning 12.5% of the active house inventory sells each month. Average house prices in South Arm, Richmond are down 10.7% compared to the 90-day average of $1,910,000.
12-month average house sold price
South Arm is a Balanced Market for detached homes and houses (absorption rate: 12.5%, 2 sold vs 16 active listings in the last 30 days).