Buyer's Market · avg house price $990,000 · 2 houses sold (30d) · 32 days on market
Buyers currently have more choice in South Arm, Richmond's detached home market, with homes taking longer to sell. In the past 30 days, 2 houses and detached homes sold across South Arm, Richmond at an average sold price of $990,000. Properties are selling in an average of 32 days on the market. The absorption rate is 10% — meaning 10% of the active house inventory sells each month. Average house prices in South Arm, Richmond are down 43.6% compared to the 90-day average of $1,754,375. If you're considering buying a house in South Arm, Richmond, you have more time to negotiate — though well-priced single-family homes still attract attention.
12-month average house sold price
South Arm is a Buyer's Market for detached homes and houses (absorption rate: 10%, 2 sold vs 20 active listings in the last 30 days).